The LCM rule must be applied to inventory:
A)on an item-by-item basis.
B)by categories of items.
C)as a whole.
D)as a company decides, for there is no requirement to apply LCM.

Question

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The Answer of The LCM rule must be applied to inventory:
A)on an item-by-item basis.
B)by categories of items.
C)as a whole.
D)as a company decides, for there is no requirement to apply LCM.

The LCM Rule Must Be Applied to Inventory