Examlex
The main cause of a data breach is malware,but the reason hacking is so successful is negligence-management not doing enough to defend against cyberthreats.
Ending Inventory
The total value of all inventory a company has in its possession at the end of a reporting period, vital for calculating cost of goods sold.
Cost Flow Assumption
An accounting method used to value inventory and determine the cost of goods sold, based on the assumed flow of goods.
Moving Average Method
The Moving Average Method is an inventory costing method that calculates the average cost of inventory by taking the average of the costs of goods available for sale.
Inventory Transaction
This term refers to any event that causes a change in the quantity or value of inventory held by a business.
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