Assigning LCNRV to the items that make up the inventory of merchandise at the end of the accounting period is an application of which accounting concept?

Name: Assigning LCNRV to the items that make up the inventory of merchandise at the end of the accounting period is an application of which accounting concept?
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The Answer of Assigning LCNRV to the items that make up the inventory of merchandise at the end of the accounting period is an application of which accounting concept?

Assigning LCNRV to the Items That Make Up the Inventory