Examlex
Typing an ordinal followed by a space or a hyphen makes part of the ordinal into a(n)subscript._________________________
Average Cost
refers to the total cost of production divided by the number of units produced, also known as unit cost.
Cost Of Goods Sold
Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a company, including material and labor costs, but excluding indirect expenses.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting cost of goods sold.
Perpetual Inventory Account
An accounting method that records inventory purchases and sales in real time, providing a continuously updated inventory balance.
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