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Freight In
The cost associated with transporting goods into a business, included as part of the inventory cost.
Purchases Account
An account used in accounting to track all purchases of goods and materials that a business intends to resell.
Cost Of Goods Purchased
The total expense incurred by a company to buy the goods it has purchased for resale, including shipping and handling fees.
Profit Margin
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, highlighting the efficiency of a company in managing its operations and costs.
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