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  3. Study Set
    Financial Accounting Study Set 1
  4. Exam
    Exam 7: Inventory and Cost of Goods Sold
  5. Question
    Lower of Cost or Market Can Be Applied on an Item
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Lower of Cost or Market Can Be Applied on an Item

Question 4

Question 4

True/False

Lower of cost or market can be applied on an item or total inventory basis.

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