Examlex
What is the origin of the volcanoes in the Lesser Antilles and Central America?
Finished Goods Inventory
Manufactured goods that are complete and ready for sale.
Lower of Cost
A principle typically applied in the valuation of inventory and financial assets, stating to record the asset at the lower of its historical cost or current market value.
Net Realizable Value
The estimated selling price in the ordinary course of business, minus the estimated costs of completion and the necessary costs to make the sale.
Inventory
The raw materials, work-in-progress products, and finished goods considered to be the part of a business's assets that are ready or will be ready for sale.
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