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Solve the formula for the specified variable.
- for
Estimated Cost
An approximation of the cost for goods, services, or construction projects, based on experience, forecasting, and/or information about similar transactions.
Inventory
Assets held for sale in the ordinary course of business, or in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.
March 31
The end of the financial year for many businesses and organizations, notable for accounting and tax purposes.
Inventory Turnover
A ratio indicating how many times a company's inventory is sold and replaced over a certain period, measuring efficiency in managing stock.
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