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nventory may be valued at either the cost of the unit or at the current market v

Mathematics
Tutor: None Selected Time limit: 0 Hours

nventory may be valued at either the cost of the unit or at the current market value – whichever is lower. The name of this rule is the _________ method.

Oct 19th, 2014

C - lower of cost or market ( abbreviated to LCM) 

is a commonly used method in accounting. Another is FIFO (first in first out).

Oct 19th, 2014

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Oct 19th, 2014
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Oct 19th, 2014
Dec 4th, 2016
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