Examlex
What is the common name for the following compound?
Inventory Valuation
The method used to assign cost to inventory for the purposes of accounting, vital for determining cost of goods sold and ending inventory values.
Net Realizable Value
The estimated selling price of goods minus the costs of their sale or disposal, used in assessing the value of inventory and receivables.
Replacement Cost
The cost to replace an asset or item at current market prices, without deduction for depreciation.
Periodic Inventory System
An inventory accounting system where the inventory balance is updated at the end of the accounting period through a physical count.
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