Examlex
What was the amount of direct materials issued to manufacturing during 2014?
LIFO
Last In, First Out, an inventory valuation method where the goods last added to inventory are the first to be sold.
Periodic
Pertaining to or occurring at regular intervals.
Perpetual Basis
An approach or method without a predetermined end date, continuing indefinitely.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.
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