Examlex
Researchers make no effort to manipulate or control variables when they engage in
Ending Inventory
The value of goods available for sale at the end of an accounting period, not yet sold.
FIFO
First-In, First-Out, an inventory valuation method that assumes the oldest items are sold first.
Units
The basic quantitative measure used in accounting to represent transactions or balances, often referring to production or sales volumes.
Gross Profit
The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.
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