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Ending Inventory
The final value of goods available for sale at the end of an accounting period after subtracting the cost of goods sold.
Retail Method
A pricing strategy used in retail to maintain a consistent profit margin by marking up goods based on their wholesale cost.
Retail Method
An accounting method used to estimate ending inventory and cost of goods sold by calculating a cost-to-retail percentage and applying it to the retail price.
Estimated Cost
The anticipated cost to undertake a project or produce a good, used for budgeting and planning purposes.
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