LBD-17 - How to Measure and Determine Inventory Values

Values are determined based on the remaining liquor at the end of the month. Each full bottle is valued at its original cost. (Original cost means the amount you paid to purchase the liquor, wine, or high-gravity beer.) Partial bottles are measured using percentages to determine how much liquor is left in the bottle. For example, if a bottle of Jack Daniel's has 70 percent of the bottle remaining and its original cost is $20, the inventory value is $14 ($20 x 0.7).

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