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  3. an adjustment to ending inventory under the lower

An adjustment to ending inventory under the lower of cost or market/net realizable value (LCM/NRV)...

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Accounting

An adjustment to ending inventory under the lower of cost or market/net realizable value (LCM/NRV) rule would be least likely to be recorded by a company that sells:

  • high-tech goods like cell phones.

  • a fad product like Slap Wraps bracelets.

  • a household staple like laundry detergent.

  • seasonal items like snow blowers.

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