Question: When using the lower - of - cost - or - market rule, what would be the effect on inventory valuation if the normal profit

When using the lower-of-cost-or-market rule, what would be the effect on inventory valuation if the normal profit margin was increased?
Select answer from the options below
The upper limit for inventory value would decrease.
The lower limit for inventory value would increase.
The lower limit for inventory value would decrease.
The upper limit for inventory value would increase.

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