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In a response to the reforms initiated by Emperor Guangxu,
Ending Inventory
Goods' valuation ready for trading at the end of a bookkeeping period.
FOB Shipping Point
A term that indicates the buyer takes responsibility for goods once they are shipped, and the point of departure marks the transfer.
Inventory Records
Documentation that keeps track of the quantities, locations, and values of a company's inventory, assisting in the management and control of stock.
FIFO Inventory Valuation
An accounting method for valuing inventory where the first items placed in inventory are the first ones sold, affecting cost of goods sold and ending inventory valuation.
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