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A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?
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A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?

User Alex Punnen
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1 Answer

5 votes

Answer:

The market value of the commodity is recorded as inventory item for the period

Step-by-step explanation:

This action is to factor the fluctuation of price of inventory in order to calculate loss incurred by a dip in price of inventory.

User Serjik
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