Learn how the lower of cost or market (LCM) method helps value inventory accurately by using the lesser of historical cost or market value, key for GAAP compliance.

How to Account for the Allowance of Excess & Obsolete Inventory. Inventory management can be a tricky part of owning a business, and eventually everyone makes a mistake and miscalculates customer ...

Whether a company is a manufacturer, a distributor or a hybrid, inventory is a significant component of its financial structure. Accurate inventory accounting is vital, especially in the globalized ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...