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Many historians have pointed to the revolutionary events of the 1730s and 1740s as laying part of the foundation for the Great Awakening of the 1760s and 1770s.
Ending Inventory
The cumulative worth of a company's entire stock inventory at the conclusion of a financial accounting period.
Inventory Items
Goods or materials a company holds for the ultimate purpose of resale.
FIFO Cost Flow
A method of inventory valuation where goods purchased first are the ones sold first, hence, the inventory left consists of the most recently purchased or produced goods.
Cost of Goods Sold
Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.
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