Determine the total value of the merchandise using net realizable value.
Definitions:
Shipping Term
A stipulation or condition specified in a shipping contract that outlines the responsibilities, costs, and risk allocation between a seller and buyer.
Free Alongside
A shipping term indicating that the seller is responsible for delivering the goods next to a designated vessel, after which the buyer takes over the transportation costs.
Simple Delivery Contract
An agreement where the transfer of goods or services is completed upon the delivery of said goods or services, without requiring formal documentation for transfer of title.
Buyer and Seller
Refers to the two primary parties in a transaction where goods, services, or assets are exchanged between a purchaser and a vendor.
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