Examlex
The fluid that filters out of the capillaries into the spaces between the cells in tissues is returned to the blood by a combination of transport in the lymphatic system and reabsorption on the venous end of the capillary network.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including direct materials and labor costs.
Perpetual Inventory System
An inventory management system where updates to inventory records are made immediately following each transaction, giving a continuous, real-time account of stock levels.
Average Cost Method
An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all similar items available.
Periodic System
A method of inventory tracking where updates are made on a periodic basis rather than continuously, typically at the end of an accounting period.
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