Examlex
What are the most likely sources of the methane gas detected in the Martian atmosphere by the Mars Express orbiter?
Estimating Value of Inventory
The process of calculating the worth of unsold goods at the end of an accounting period using methods such as FIFO or LIFO.
Gross Profit Method
An inventory estimation technique that calculates the cost of goods sold by deducting sales revenue from the gross profit percentage.
Net Realizable Value
The estimated selling price of goods, minus the costs of their sale or disposal, used to assess the value of inventory or receivables.
Retail Inventory Method
An accounting method used to estimate the ending inventory and cost of goods sold of a retail company by using a cost-to-retail price ratio.
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