The lower-of-cost-or-net realizable value can be applied to total inventory, groups of similar items, or to each item. Groups of similar items results in the largest write downs.
What is supposed of inventory?
Inventory refers to all the items, items, merchandise, and substances held by way of a enterprise for promoting within the market to earn a profit. instance: If a newspaper dealer uses a vehicle to supply newspapers to the customers, simplest the newspaper might be considered stock. The automobile could be treated as an asset.
What are inventory items?
Inventory is the objects/products a company has to sell, in addition to the substances had to create those products. The 3 foremost classes of inventory are uncooked materials, paintings-in-progress and finished goods. An example of raw substances inventory would be the magnesium in an alloy wheel.
What's the purpose of inventory?
The primary feature of inventory is to provide operations with an ongoing deliver of materials. To acquire this function effectively, your commercial enterprise ought to try to find a sweet spot among an excessive amount of and too little, with out ever walking out of inventory.
Learn more about inventory here:- brainly.com/question/24868116
#SPJ4
The European union was created to make trade between its members easier
Answer:
Central to persuasion route; peripheral to persuasion route
Explanation:
Well educated and analytical people often use the to central to persuasion route and uninterested people often use the peripheral to persuasion route
Answer:
Well what is the question exactly? Sin is breaking God's commandment. One law from God is not killing and the law also says to not kill so maybe thats the answer I hope your looking for.
Explanation:
Most of the inhabitants of sub-Saharan Africa are nomads and, In religion they are mostly Muslim. The type of life they live has made them believe on certain primitive features of life.
