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Find the sum of the series.
Periodic System
An inventory system where the inventory count is physically updated at specific intervals, and costs of goods sold are calculated at the end of the accounting period.
Moving Average System
A method used in accounting and finance to smooth out data by generating a series of averages of different subsets of the full data set.
Freight-In Costs
Expenses associated with transporting goods from the supplier to the purchaser, typically included in the cost of inventory.
Freight-Out Costs
Expenses related to the transportation of goods from the seller to the buyer, typically recorded as a selling expense.
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