Examlex
In TS, the T refers to tachycardia.
Cost of Goods Sold
The total cost of materials and labor needed to produce the goods or services sold by a company.
LIFO Inventory Method
An accounting method where the last items of inventory purchased are the first ones used or sold, affecting the cost of goods sold and ending inventory values.
FIFO Inventory Method
A method of accounting for inventory that assumes the first items placed in inventory are the first sold.
Balance Sheet
A document that provides a snapshot of a corporation's assets, debts, and shareholder's equity at a given point in time.
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