LCM

Definition : Lower of Cost or Market
Category : Business » Accounting
Country/Region : Worldwide Worldwide
Popularity :

What does LCM mean?

Lower of Cost or Market (LCM or LOCOM) is an accounting rule for valuing and reporting inventory. The rule states that inventory should be measured at cost or market value whichever is lower.

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We have found 9 more results for LCM
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