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Lower of Cost or Market (Outline)

Read our Explanation (5 Parts) free

Our Explanation of Lower of Cost or Market provides clear examples of how to value inventory when items on hand have a replacement cost that is less than the company's original cost. The adjustments needed for the general ledger accounts are also shown.

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We've answered 16 popular questions related to the topic Lower of Cost or Market. Review them all or use the search box found at the top of each page of our website for your specific questions.

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