Examlex
Match the following:
-competition
Cost of merchandise sold
The total expense incurred to produce or purchase the goods sold by a company during a specific period.
Year amount
Typically refers to the total sums of money or quantities measured over the course of a year in financial or quantitative analyses.
Average costing
Average costing is an inventory costing method where all costs of inventory are averaged over the goods available for sale, providing a medium cost per unit.
Rising prices
An economic phenomenon where the general level of prices for goods and services increases over a period.
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