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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I don’t know if this is right, but I think it is dissipation
Answer:
the belief of some Christians that you should wear a cross as a symbol of your faith.
Explanation:
<span>Assuming that this is referring to the same list of options that was posted before with this question, the correct answer is the law having to do with runaway slaves. </span>
<span>energy efficiency is usually obtained through : D. all of the above
- Technology : Will create an alternative that could increase the efficiency of energy usage
- Increased Funding : Will speed up the research process for the technology to achieve that efficiency
- Government : Will play an important role in allocating the energy usage guideline to the people</span>
