inventory cost
41Beginning Inventory — is the amount of inventory a company have in stock at the start of this fiscal year. It is closely related with Beginning Inventory Cost, which is the amount of money spent to get these goods in stock. It should be calculated at the Lower of Cost …
42Ending Inventory — is the amount of inventory a company have in stock at the end of this fiscal year. It is closely related with Ending Inventory Cost, which is the amount of money spent to get these goods in stock. It should be calculated at the Lower of Cost or… …
43Historical cost — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
44Lower of Cost or Market — (LCM) is an approach to valuing and reporting inventory. Normally ending inventory is stated at historical cost (what was paid to obtain it) but there are times when the original cost of the ending inventory is greater than the cost of… …
45Holding cost — In business management, holding cost is money spent to keep and maintain a stock of goods in storage. The most obvious holding costs include rent for the required space; equipment, materials, and labor to operate the space; insurance; security;… …
46Average Age Of Inventory — The average number of days it takes for a firm to sell a product it is currently holding as inventory to consumers. The formula to calculate the average age of inventory is C/G x 365, where C is the average cost of inventory at its present level… …
47Average Cost Flow Assumption — A calculation used by companies to monitor inventory goods. The average cost flow assumption is one of a variety of cost flow assumption methods used to determine the cost of goods sold (COGS) and ending inventory. Companies use one or more… …
48Lower of Cost and Market Method — A requirement of GAAP in the United States that inventory be recorded at the lower of either the cost to produce it, the cost to repurchase it or the market value of the inventory. The lower of cost and market method has two boundaries on the… …
49Carrying cost — In marketing, carrying cost refers to the total cost of holding inventory. This includes warehousing costs such as rent, utilities and salaries, financial costs such as opportunity cost, and inventory costs related to perishibility, shrinkage and …
50Content inventory — A content inventory is the process and the result of cataloging the entire contents of a website.[1] An allied practice a content audit is the process of evaluating that content.[2][3][4] A content inventory and a content audit are closely… …
