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The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits it can provide.
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The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits it can provide.

User Stefano Sansone
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The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.

User Mine
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