Examlex
What Caribbean country is most at risk because of sea-level rise?
Lower of Cost
A principle requiring that inventory be recorded at the lower of its historical cost or current market value.
Net Realisable Value
The estimated selling price in the ordinary course of business minus any costs necessary to make the sale, used primarily in inventory valuation.
Inventory Accounts
Accounts used in accounting to track the cost of the inventory held by a business until it is sold or otherwise disposed of.
Cost of Goods Manufactured
The total cost of producing goods during a specific period, including materials, labor, and overhead.
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