ACCOUNTING I Dersi Merchandise Inventory soru detayı:
SORU: What is "Lower of Cost or Market Value Method (LCM)"?
What is "Lower of Cost or Market Value Method (LCM)"?
CEVAP: Lower of Cost or Market Value Method (LCM) is a valuation method which requires inventory to be reported in financial statements at whichever is lower – its historical cost or its market value.
Lower of Cost or Market Value Method (LCM) is a valuation method which requires inventory to be reported in financial statements at whichever is lower – its historical cost or its market value.