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Inventory Purchases
The acquisition of goods and materials a company intends to sell in its ordinary course of business.
Beginning Inventory
The value of goods available for sale at the start of an accounting period.
Beginning Inventory
The value of all inventory held by a company at the start of an accounting period.
Gross Profit
Gross Profit is the financial metric calculated by subtracting the cost of goods sold (COGS) from total sales revenue.
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