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Physical Flow
The movement and tracking of physical goods and materials through the production process or supply chain.
Inventory Costing Method
An approach used to value inventory and determine the cost of goods sold, including methods like FIFO, LIFO, and weighted average.
Cost Flow Assumption
A method used in accounting to determine the value of inventory sold and remaining in stock, common methods include FIFO, LIFO, and weighted average.
Physical Movement
The actual movement or transportation of goods in a supply chain.
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