Examlex
suppose the variable x represents students and the variable y represents courses, and Write the statement in good English. Do not use variables in your answers.
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Perpetual system
An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
FIFO
An accounting method used to manage inventory and cost of goods sold where the first items produced or acquired are the first to be sold.
Merchandise sold cost
The total expense incurred to produce or purchase the goods that have been sold to customers.
Perpetual system
An inventory accounting system that records purchases and sales of inventory immediately through the use of technology, offering continuous stock level information.
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