Inventory is reported in the financial statements at

A) cost.
B) market.
C) the higher-of-cost-or-market.
D) the lower-of-cost-or-market.

Financial Statements

Consolidated reports detailing the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Inventory

The goods and materials a business holds for the ultimate purpose of resale or processing.