Examlex
Match each item to the phrase or sentence listed below.
a. Prison newcomer b. Cigarettes
c. Values and norms of the prison social system
d. Goods and services not allowed by prison authorities
e. Where incarcerated people may purchase certain items
f. Method of learning the prison subculture
g. Constructing a life within the prison with little connection to society
h. Taking advantage of prison programs
i. The main source of violence among incarcerated people
j. Organization of semiautonomous institutions
-Commissary
Inventory Items
Goods or materials that a business holds for the purpose of sale or production in the normal course of operation.
Estimating Value of Inventory
The process of calculating the worth of unsold goods at the end of an accounting period using methods such as FIFO or LIFO.
Gross Profit Method
An inventory estimation technique that calculates the cost of goods sold by deducting sales revenue from the gross profit percentage.
Net Realizable Value
The estimated selling price of goods, minus the costs of their sale or disposal, used to assess the value of inventory or receivables.
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