Examlex
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Physical Inventory
The process of counting the actual goods or materials a business holds in stock as a way to verify stock levels and value.
Estimated Returns Inventory
The projection of goods that are expected to be returned by customers within a specific period, considered in inventory and financial planning.
Cost of Goods Sold
The cost of goods sold represents the direct costs attributable to the production of the goods sold by a company.
Physical Inventory
A process where a company counts its actual inventory to ensure accuracy in its financial records.
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