Which inventory accounting principle does NOT follow the historical cost principle?

Question

Quizplus · Accepted Answer

The lower of cost or net realizable value principle does not follow the historical cost principle, as it allows for inventory to be valued at either its historical cost or its net realizable value, whichever is lower. This is a departure from the historical cost principle, which requires inventory to be valued at its historical cost. A, B, and C all follow the historical cost principle in different ways.

Which Inventory Accounting Principle Does NOT Follow the Historical Cost