Examlex
What is a collection of similar cells and surrounding substances?
Goods Sold
The total of merchandise that a company has sold to its customers within a specific period; often referred to as 'sales'.
Perpetual Inventory System
An inventory accounting system that records goods transactions in real-time.
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and the associated costs once the goods leave the seller's premises.
Ending Inventory
Ending inventory is the total value of all inventory, including raw materials, work-in-progress, and finished goods, that a company has at the end of an accounting period.
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