Examlex
Perform the indicated operation. Simplify if possible.
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Ending Inventory
The total value or quantity of goods available for sale at the end of an accounting period, calculated by adding any purchases to the beginning inventory and subtracting sold goods.
Gross Profit Method
An accounting technique to estimate the amount of inventory sold over a period, calculated as sales minus the cost of goods sold at a gross margin.
Perpetual Inventory System
An accounting method where inventory records are continuously updated to reflect sales, purchases, and stock levels in real-time.
Cost of Goods Sold
A financial metric that represents the direct costs attributable to the production of goods sold by a company.
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