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Cost Of Goods
The total cost incurred in the production of goods sold by a company, including materials, labor, and overhead expenses.
Beginning Inventory
The value of all the inventory held by a company at the start of an accounting period.
Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Ending Inventory
The value of goods available for sale at the end of an accounting period.
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