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Before the salespeople for Ascom Timeplex, Inc., set out to make a sales call, they use their laptop computers to dial into the company's database. There, the salespeople can retrieve the latest price lists, engineering and configuring notes for each customer, and status reports on previous orders. The laptops can also be used to send customer orders to Ascom Timeplex headquarters in New Jersey__________ helps make the Ascom Timeplex salespeople more efficient and more effective.
Cost Of Goods Sold
Direct expenses involved in producing goods for sale by a company, covering both materials and workforce costs.
Ending Merchandise Inventory
The final value of goods available for sale at the end of an accounting period, before any new inventory has been added.
Specific Identification Method
An inventory costing method where specific costs are attached to individual units of inventory, typically used for unique or high-value items.
Low-Unit Cost Items
Products or goods that have a relatively low cost per unit, making them inexpensive to purchase in large quantities.
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