The lower-of-cost-or-net realizable value basis of accounting for inventories should be applied when the ______________ value of the goods is lower than its cost.

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The Answer of The lower-of-cost-or-net realizable value basis of accounting for inventories should be applied when the ______________ value of the goods is lower than its cost.

The Lower-Of-Cost-Or-Net Realizable Value Basis of Accounting for Inventories Should