Napkin definition
Inventory valuation is the measurement of inventories at cost or net realizable value under the applicable formula (, weighted average, etc.) and lower-of-cost-or-NRV rules.
Change the lens
Like I'm 5™ is your default. Curious how an investor or beginner would put this?
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.