The LCNRV basis may be used with all of the following methods except

Name: The LCNRV basis may be used with all of the following methods except
Brand: Quizplus
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Quizplus · Accepted Answer

The LCNRV basis may be used with all of these methods because it is a method of valuing inventory that is based on the lower of cost or net realizable value. This means that the LCNRV basis can be used with any method of inventory costing, as long as the cost of the inventory is compared to its net realizable value.

The LCNRV Basis May Be Used with All of the Following