|
Lower of Cost of Market
Once inventory
cost is determined, an additional test is preformed, comparing cost to
market value. Inventory is valued, on the financial statements, at the lower
of cost or market value.
Click here for information on:
-Focus on the Profit Margins
-Perpetual vs. Periodic Inventory
-Inventory Accounting Calculation
-Inventory Costing Methods
-Inventory Categories
-Inventory Turnover Ratios |