Lower of Cost and Net Realizable Value (NRV) 101

Inventory is subsequently measured at the Lower of Cost and Net Realizable Value (NRV). Net Realizable Value (NRV) of Inventory is measured as the estimated selling price less estimated costs of completion and selling.

#Financial Accounting #Finance #Financial Statement Analysis #Earnings #Profit #GAAP #Generally Accepted Accounting Principles

#Lower of Cost of Market (LCM) #Net Realizable Value (NRV)