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Social learning theory
Financial Statements
Compiled financial data that provides an overview of a company's financial position, including balance sheet, income statement, and cash flow statement.
Inventory
Items kept on hand by a company for the purpose of production or sale, encompassing raw materials, work-in-progress, and finished goods.
Moving-average Cost Method
An inventory valuation method that averages the costs of inventory over a period to calculate the cost of goods sold and ending inventory valuation.
Average-cost Method
The average-cost method is an inventory costing method that assigns an average cost to each item in inventory, used to determine the cost of goods sold and ending inventory values.
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