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Cost of Goods Sold
The total cost directly involved in producing goods or services, which are sold during a particular period.
Weighted-Average
A method used to calculate an average whereby different values have different levels of importance or "weights".
Cost of Goods Sold
The immediate expenses related to the manufacture of products sold by a business, encompassing both materials and workforce.
Perpetual System
An inventory management method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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