(Solved): Lower - of - cost - or - net realizable value as it applies to inventory is best described as the A ...

Lower - of - cost - or - net realizable value as it applies to inventory is best described as the A ) ?assumption used to determine inventory flow. B ) ?method required when inventory's future utility drops below its original cost. C ) none of this is correct D ) ?method that only applies to the average cost method 2/2