Chapter 9 - Inventories: Additional valuation issues. After completing this chapter you should be able to: Describe and apply the lower-of-cost-or-market rule, explain when companies value inventories at net realizable value, explain when companies use the relative sales value method to value inventories, discuss accounting issues related to purchase other contents. | Lecture Intermediate accounting (12th Edition): Chapter 9 - Kieso, Weygandt, Warfield