Examlex
Which of the following is not an example of a customer-oriented nonfinancial measure?
FIFO
First-In, First-Out, an inventory valuation method where goods purchased first are sold first, affecting the cost of goods sold and ending inventory value.
Average Cost Method
An inventory valuation method that calculates the cost of goods sold based on the average cost of all items in stock.
Physical Flow
The actual movement or transfer of goods and materials through a production process or supply chain, distinct from the associated flow of costs or information.
Inflation
A general increase in prices and fall in the purchasing value of money, affecting the economy over time.
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