Business, 19.07.2020 01:01 michellebreshears451

The original cost of an inventory item is above the replacement cost and the net realizable value. The replacement cost is below the net realizable value less the normal profit margin. As a result, under the lower-of-cost-or-market method, the inventory item should be reported at the

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The original cost of an inventory item is above the replacement cost and the net realizable value. T...