May 28, 2018

inventory valuation

The value of the inventory at either its cost or its market value. Because inventory value can change with time, some recognition is taken of the age distribution of inventory. Therefore, the cost value of inventory is usually computed on a FIFO, LIFO, or standard cost basis to establish the cost of goods sold.

More Words

APICS Dictionary Cover Access all 4,800 terms in the APICS Dictionary. The online version is free to members.
learn_it_app_thumb Download the Learn It app to access dictionary flashcards and a term for the day.    
Logo_iTunes Logo_GooglePlay


The Pearson VUE Hub will be down at 5 pm CST October 20 until 2 am CST October 21. Exams cannot be scheduled during this time. Please contact Pearson VUE at 866-583-8949 or with questions.