Lower of Cost or Market (LCM) Method: Why It’s Used and Application
What Is the Lower of Cost or Market (LCM) Method? The lower of cost or market (LCM) method states that when valuing a company’s inventory, it is …
What Is the Lower of Cost or Market (LCM) Method? The lower of cost or market (LCM) method states that when valuing a company’s inventory, it is …