Examlex
What is the doctrine of promissory estoppel and when is it used?
Inventory Value
The total cost or market value of all the goods held by a company intended for sale or for use in producing goods for sale.
Cost Or Market
An accounting method for inventory valuation, valuing inventory at the lower of its historical cost or market value.
Weighted Average Cost
A method of inventory costing that assigns a weighted average cost to each unit of inventory on hand, based on the cost of goods available for sale and the number of units available.
Perpetual System
An inventory management approach that tracks the sale and purchase of inventory in real-time, providing a continuous account of inventory and cost of goods sold.
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