Examlex
What comprises optical stimulated luminescence (OSL) and thermoluminescence (TL) , measures the light emitted from baked clays, heated or burnt stone, and windblown sediments like sand?
LIFO Reserve
The difference between the cost of inventory calculated under the Last-In, First-Out method and its cost under the First-In, First-Out method.
FIFO Costing
An inventory valuation method that assumes the first units produced or acquired are the first ones to be expensed or sold (First In, First Out).
Inventory Value
Inventory value is the total cost or market value of all the goods and materials held by a company intended for sale.
Pretax Income
The amount of income earned by a business before paying taxes, also known as earnings before tax (EBT).
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