Examlex
Why does ice float and why is this important for life in our ocean?
Net Realizable Value
The estimated selling price of goods minus the cost of their sale or disposal, used in evaluating inventory value.
Inventory
The total amount of goods and materials a company holds for the purpose of resale or production.
Cost to Sell
The total expenses involved in selling a product or service, including marketing, labor, and other sales-related costs.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, a key component in calculating cost of goods sold.
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