ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / tutorialrank.com | Page 82

a. is most conservative if applied to the total inventory.

b. is most conservative if applied to major categories of inventory.

c. is most conservative if applied to individual items of inventory.

d. must be applied to major categories for taxes.

a. is most conservative if applied to the total inventory.

b. is most conservative if applied to major categories of inventory.

c. is most conservative if applied to individual items of inventory.

d. must be applied to major categories for taxes.