Examlex
Identify the following terms.
-Kush
Inventory Cost Formula
A method utilized for valuing the cost of goods sold and ending inventory, often using techniques such as First-In, First-Out (FIFO) or Last-In, First-Out (LIFO).
Cumulative Cost
The total cost accumulated for a project or an activity over a period of time.
FIFO
First-In, First-Out, an inventory valuation method where goods purchased or produced first are sold first.
Physical Movement
The actual transfer or change in location of goods, which can be relevant in the management of inventory and supply chains.
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