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Perpetual System
An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
FIFO Method
A method used in accounting to value inventory and determine cost of goods sold, assuming the oldest inventory items are sold first.
Material Q
Material Q seems not to be a standard key term in most contexts and without further context appears to be NO.
Job Order Costing
A cost accounting system used to accumulate costs for individual jobs or orders, suitable for companies producing unique or custom products.
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