The value of inventory is a difficult figure to pin down, and yet it must be properly derived in order to create accurate financial statements. The Accounting for Inventory book enhances the accountant's ability to derive an accurate valuation, every time. It does so by delving into inventory counting systems, cost layering, standard costing, overhead allocation, the lower of cost or market rule, disclosures, measurements, and much more. This book is an essential tool for dealing with one of the largest and most complex assets on the balance sheet.
