LOC Definition

Bookmark and Share

LOC see Letter of Credit.

Learn new Accounting Terms

PRODUCT COST is cost of inventory on hand, also called Inventoriable Cost. They are assets until the products are sold. Once they are sold, they become expense, i.e. Cost of Good Sold (COGS). All manufacturing costs are product costs, e.g., direct material, direct labor, and factory overhead.

EVA see ECONOMIC VALUE ADDED.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.