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According to the needs principle, targeting one of the following would prove ineffective if not been directly linked with the risk of further offending
Inventory Group Basis
An inventory accounting method that aggregates groups or categories of inventory for valuation purposes, rather than valuing items individually.
LIFO Method
Last In, First Out, an inventory valuation method that assumes goods purchased last are the first to be sold.
Fiscal Year
A one-year period used for financial reporting and budgeting that may not correspond to the calendar year.
Net Realizable Value
The estimated selling price of goods, minus the cost of their sale or completion.
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