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Disclosure
The action of making new or important information known, especially relating to business operations, financial conditions, or regulatory compliance.
Specific Identification Method
An inventory valuation method that tracks the actual cost of each individual item of inventory.
Inventory Accounting
The process of valuing a company's inventory, including raw materials, work-in-progress, and finished goods.
LIFO
Last In, First Out, an inventory valuation method where the most recently produced or acquired items are sold or used first.
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