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LOCOM
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The answer LOCOM has 0 possible clue(s) in existing crosswords.
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The word LOCOM is NOT valid in any word game. (Sorry, you cannot play LOCOM in Scrabble, Words With Friends etc)
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Definitions of locom in various dictionaries:
LOCOM - Lower of cost or market (LCM or LOCOM) is a conservative approach to valuing and reporting inventory. Normally, ending inventory is stated at histori...
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- check LOCOM in all word games (15 answers)
- unscramble LOCOM (13 answers)
- anagrams of LOCOM (1 answers)
- words containing LOCOM (11 answers)
- words starting with LOCOM (11 answers)
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- synonyms of LOCOM (0 answers)
- antonyms of LOCOM (0 answers)
Keep reading for additional results and analysis below.
| Locom might refer to |
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| Lower of cost or market (LCM or LOCOM) is a conservative approach to valuing and reporting inventory. Normally, ending inventory is stated at historical cost. However, there are times when the original cost of the ending inventory is greater than the net realizable value, and thus the inventory has lost value. If the inventory has decreased in value below historical cost, then its carrying value is reduced and reported on the balance sheet. The criterion for reporting this is the current market value. Any loss resulting from the decline in the value of inventory is charged to "Cost of goods sold" (COGS) if non-material, or "Loss on the reduction of inventory to LCM" if material. |
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