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Average Cost Methods
The average cost method is an inventory costing method where all costs of inventory are averaged out and applied to the cost of goods sold and ending inventory.
Security Measures
Steps or protocols implemented to protect assets, information, and people from theft, damage, and unauthorized access.
Safeguard Inventory
Strategies and measures implemented by a business to protect its inventory from theft, damage, and other losses to ensure accurate stock levels and financial records.
Inventory Control
The management of inventory to ensure the right quantity of supplies for operation without excess, thus minimizing costs.
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