Examlex
When "coming out," it is probably BEST to make your first disclosure to:
FIFO Method
First In, First Out, an inventory valuation method where the oldest inventory is sold first.
Inventory Value
Inventory value is the total cost or market value of all the goods held by a company that are ready or will be ready for sale.
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
Current Liabilities
Debts or obligations that a company is expected to pay within one year, including accounts payable, short-term loans, and accrued expenses.
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