Examlex
What are the three major reasons for performing performance appraisals?
Merchandise Purchases
The procurement of goods for resale, typically in a retail or wholesale environment, not involving the manufacturing process.
Merchandise Inventory
The goods a company holds for the purpose of sale to customers.
Cost of Goods Sold
The total cost associated with making or buying the products that a company has sold during a period.
Indirect Manufacturing Cost
Costs in the production process that cannot be directly traced to specific units of product, such as maintenance and facility costs.
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