When reporting inventory using the lower of cost or market, market should not be less than:

a. Replacement cost.

b. Net reliable value

c. selling price

d. net realizable value less normal profit margin

Net realizable value less a normal profit margin.

Explanation:

Lower of cost or market rule of inventory states that cost of inventory recorded must be that at which cost is lower, and the original cost is the current market price.

This occurs when the inventory has become obsolete, market price has declined, or inventory has deteriorated

Net realisable value is defined as selling price minus estimated cost of completion.

So the market value should not be less than net realizable value less a normal profit margin.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.