damaged, obsolete (out - of - date), and/or deteriorated goods that can be sold. multiple choice are…
damaged, obsolete (out - of - date), and/or deteriorated goods that can be sold. multiple choice are included in inventory at their full cost. are included in inventory at their net realizable value. are assigned a value of zero. should be disposed of immediately. are never counted as inventory.
Answer
Brief Explanations:
Damaged, obsolete, or deteriorated goods that can still be sold are included in inventory at their net realizable value. Net - realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This is in line with the lower - of - cost - or - net - realizable - value (LCNRV) principle in accounting.
Answer:
B. Are included in inventory at their net realizable value