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Inventory Record
Documentation that tracks the quantity, value, and location of all the inventory a company holds.
Units Sold
The total number of individual items or products sold by a company during a specific time period.
Units Received
Refers to the actual quantity of goods that have been delivered or received, typically in a business context for inventory tracking or accounting purposes.
LIFO Method
An inventory valuation method where the last items added to inventory are the first ones to be used or sold.
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