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QUESTION
Is the reason to account for merchandise inventory at ▼ average cost fifo cost lifo cost the lower of cost or market . ▼ conservatism consistency disclosure materiality directs accountants to decr
Is the reason to account for merchandise inventory at ▼ average cost fifo cost lifo cost the lower of cost or market . ▼ conservatism consistency disclosure materiality directs accountants to decrease the accounting value of an asset if it appears unrealistically high?
