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Freight Costs
Expenses incurred by a company to ship its products to customers, usually varying based on distance and weight.
Inventory Account
An accounting record that tracks the cost of goods available for sale or used in production.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Gross Profit
The difference between the revenue generated from selling goods or services and the cost of those goods sold, excluding other operating expenses.
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