In Valuing Inventory, the Auditor Must Consider All but Which

Multiple Choice

In valuing inventory, the auditor must consider all but which of the following factors?

A) The valuation method must be in accordance with GAAP.
B) The valuation method must be applied on a consistent basis.
C) The inventory must be valued at the lower of cost or market.
D) All inventory must be valued using the same valuation method under GAAP.