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Today, 03:34

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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  1. Today, 04:03
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    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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