An Adjustment to Ending Inventory Under the Lower of Cost

Multiple Choice

An adjustment to ending inventory under the lower of cost or market/net realizable value (LCM/NRV) rule would be least likely to be recorded by a company that sells:

A) a household staple like laundry detergent.
B) a fad product like Slap Wraps bracelets.
C) seasonal items like snow blowers.
D) high-tech goods like cell phones.