Examlex
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Inventory Costing
The methodology for assigning costs to inventory items, which may include approaches like FIFO, LIFO, or average cost methods.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated after considering the cost of goods sold.
Assets And Equity
Refers to the components of a company's balance sheet: assets represent what the company owns, and equity represents the owner's claims against those assets.
Balance Sheet Impact
Represents the effect of transactions and events on the financial position of a business as shown in its balance sheet.
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