Your browser doesn't support HTML5 audio
| Definition | : | Lower of Cost or Market |
| Category | : | Business » Accounting |
| Country/ Region |
: | Worldwide
|
| Popularity | : |
|
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.
|
Least Common Multiple
Mathematics
|
|
|
Laser Capture Microdissection
Medical
|
|
|
London College of Music
Universities & Institutions
|
|
|
Lymphocytic Choriomeningitis
Diseases & Conditions
|
|
|
Landing Craft Mechanized
Water Transport
|
|
|
La Cumbre Airport
Airport Codes
|
|
|
Leeds College of Music
Universities & Institutions
|
|
|
London City Mission
Religious Organizations
|
|
|
Letalski Center Maribor
[Aviation Center Maribor]
Regional Organizations
|
|
The full form of LCM is Lower of Cost or Market
Least Common Multiple | Laser Capture Microdissection | Lymphocytic Choriomeningitis | Landing Craft Mechanized | Lower of Cost or Market