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Cost of Goods Sold
The direct costs tied to the production of goods sold by a company, including both materials and labor costs.
Perpetual Inventory System
An inventory management method where inventory updates are made continuously as sales are made and purchases are received.
Last-In, First-Out
An inventory valuation method that assumes the most recently produced items are sold first, with costs of the latest inventory purchases recorded as cost of goods sold.
Inventory
The sum of products and materials a company has in stock for the purpose of selling or utilizing in manufacturing processes.
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Q48: an/o: _
Q55: -lysis: _
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Q170: stomat/o: _
Q179: -spasm<br>A)bursting forth of blood<br>B)digestion<br>C)eating, swallowing<br>D)flow, discharge<br>E)involuntary contraction