Tag Archives | Lower of Cost or Market Rule

Lower of Cost or Market (LCM) Rule (With Criticism)

In this article we will discuss about Lower of Cost or Market (LCM) Rule:- 1. Subject Matter of Lower of Cost or Market (LCM) Rule 2. Arguments in Support of LCM Rule 3. Criticism. Subject Matter of Lower of Cost or Market (LCM) Rule: The different methods of inventory costing such as FIFO, LIFO determine […]

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