Accounting Dictionary

Ceiling

The highest value that can be used when valuing inventory using the lower of cost or market method. The ceiling is the selling price.

If Susan bought inventory for $4 and plans to sell it for $7, $7 is the highest value that can be placed upon the inventory.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top