Examlex
Refer to the exhibit. What does this value mean when it is received in XML?
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
Net Realizable Value
The estimated selling price of goods minus the costs of their sale or disposal.
Lower of Cost
An inventory valuation method requiring inventory to be recorded at the lower of its historical cost or current market value.
LIFO
Last In, First Out, an inventory valuation method where the most recently produced items are the first to be expensed.
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