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.
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The next step that Vanessa would have to take is to sign a DoD Statement of Understanding and provide it to her APC.
Explanation:
- Every single event in the programs run by the Department of Defense of the United States is intelligently planned and capable of carrying out required verification at every single stage of the program.
- In the given example, the agency program coordinator requires Vanessa to sign and submit with him the statement issued by the Department of Defense before letting Vanessa have her travel card.
- The submission of the signed statement with the APC thus formulates the last step of the procedure of securing a travel card issued by the DoD.
The answer is true becuase it starts out explaining that it's been raining for three days.
The answer is B) but if not then it's C)