A company has four types of products in its inventory as shown below: Net Realizable Value $ 10 12 Product Quantity Cost A 15 $7 10 B C D 20 15 Multiple Choice $100 Products A and B are one category of inventory, and Products C and D are one category. When accounting for the lower of cost or net realizable value by category, the year-end adjustment to write down inventory would be: $0. 18. 8 11 $15. 6 15 Help Save & Exit

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.