Examlex
Costs included in the value of inventory are:
Open Purchase Orders
These are purchase orders issued by a business that have not yet been fulfilled or invoiced by the supplier.
Physical Inventory Worksheet
A document used to record the actual count of physical inventory on hand at a specific point in time.
Purchase Orders
Purchase orders are formal documents issued by a buyer to a seller, specifying types, quantities, and agreed prices for products or services.
Financial Statements
Comprehensive reports that detail an entity's financial activity and current financial condition, including the balance sheet, income statement, and cash flow statement.
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