LCM Rule

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August 31, 2024 4 min read Definitions
Lower of Cost or Market (LCM): Inventory Valuation Rule Explained
Accounting Finance Inventory Valuation LCM Rule Accounting Principles Market Value Cost Accounting
An inventory valuation rule used in accounting to ensure items are reported at the lower of their historical cost or the current market value, aligning the financial statements with accurate and conservative values.
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