julissajulie3510 julissajulie3510

10-01-2020
Business

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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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austineemodi austineemodi

10-01-2020

Answer:

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

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.

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