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The only two places not swept by Ronald Reagan in his 1984 electoral landslide over former vice president Walter Mondale were
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated using either a periodic or perpetual inventory system.
Inventory Method
The approach a business uses to value its inventory and determine the cost of goods sold, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).
Gross Profit Ratio
A financial metric used to assess a company’s financial health by dividing gross profit by net sales.
Lost Inventory
Inventory that is unaccounted for due to theft, damage, or error, leading to discrepancies in stock records.
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