Question: Which method ( s ) may be used to record a loss due to a price decline in the value of inventory? The cost -

Which method(s) may be used to record a loss due to a price decline in the value of inventory?
The cost-of-goods-sold method
The sales method
The loss method
Both the cost-of-goods-sold method and the loss method
Which method(s) may be used to record a loss due to

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