Examlex
MGD is an abbreviation for:
Perpetual System
An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Replacement Cost
The current cost of replacing an asset with a new one of similar kind and quality.
Ending Inventory
The final valuation of goods available for sale at the conclusion of a reporting period, calculated using beginning inventory plus purchases minus cost of goods sold.
Lower Of Cost
A principle that requires inventory to be recorded at the lower of its historical cost or the market value.
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