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Inventory is valued at

Inventory is valued at

Q. Inventory is valued at ………….

A.            Replacement price

B.            Replacement price or purchase value, whichever is less.

C.            At cost or net realizable value which-ever is less.

D.            Replacement price or net realizable value, whichever is less.

Answer: At cost or net realizable value which-ever is less.

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