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  3. 2. buthainah inc. had inventory that cost $6,000,

2. Buthainah Inc. had inventory that cost $6,000, but had a market value of $6,600...

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Accounting

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2. Buthainah Inc. had inventory that cost $6,000, but had a market value of $6,600 on the balance sheet date. Buthainah plans to sell the inventory for $8,400. As per the lower-of-cost-or-market rule, the value of inventory that should be shown on the balance sheet is A. $2,400 B. $6,000 c. $6,600 D $8,400

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