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  • Inventory is valued in the books at
Multiple choice

Inventory is valued in the books at

  1. cost price

  2. net realizable value

  3. cost price or net realizable price whichever is higher

  4. cost price or net realizable price whichever is lower

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Inventory is valued at cost or market price whichever is lower.

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