Examlex
As a rule, when testing of job applicants employers should do which of the following to be within the bounds of the law:
Ending Inventory
The total value of all merchandise or products that remain unsold at the end of an accounting period.
Overstating
The act of reporting financial statements or values higher than they actually are, leading to a misrepresentation of a company's financial condition.
Moving-average Cost
An inventory costing method where the cost of goods sold and ending inventory value are determined based on the average cost of all similar items in inventory.
Perpetual Inventory System
An inventory system that records adjustments to inventory levels continuously as transactions occur.
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