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The sink of an element in the ecosystem
Finished Goods Ledger
A ledger that records the costs associated with the manufacturing and production of goods that are completed and ready for sale.
Stock Ledger
A record keeping system that tracks the issuance, transfer, and ownership of a company's stock shares.
First-In, First-Out
An inventory valuation method where the first items purchased or manufactured are the first to be sold, impacting the cost of goods sold and inventory valuation.
Perpetual System
An inventory accounting system that continuously updates inventory records and cost of goods sold after each purchase or sale.
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