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Tape and disk output controls are primarily concerned with:
Ending Inventory Costs
The total value of all the goods that a company has in stock at the end of an accounting period, before any adjustments or cost of goods sold calculations.
LIFO Periodic Inventory Method
An inventory valuation method where the last items purchased are the first items considered sold during a given period, calculated periodically.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated before any adjustments for cost of sales.
Perpetual Inventory System
A bookkeeping approach that instantly logs the sale or acquisition of stock using computerized point-of-sale systems and enterprise asset management programs.
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