Examlex
Erik Erickson is best known for his work with:
Inventory Records
Documentation that details the quantity, type, and value of a company's inventory at a particular time.
Inventory Value
The total cost associated with the goods a company intends to sell, calculated at either the cost to produce/buy them or their current market value.
Lower Of Cost
An accounting principle that states inventory should be reported at the lower of its cost or market value.
Ending Inventory
Ending inventory is the value of goods available for sale at the end of an accounting period.
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