Net Realisable Value of Inventories May Fall Below Cost for a Number

Multiple Choice

Net realisable value of inventories may fall below cost for a number of reasons including:
I Product obsolescence
II Physical deterioration of inventories
III An increase in the expected replacement costs of the inventory
IV An increase in the estimated costs of completion

A) I, II and IV only;
B) I, III and IV only;
C) II, III and IV only;
D) I and II only.