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Rabbits,foxes,tapeworms,and fungi are all examples of
Periodic Inventory System
A periodic inventory system is a method of inventory valuation in which physical inventory counts are performed at specific intervals to determine the cost of goods sold and ending inventory.
Ending Inventory
The total value of a company's inventory available at the end of an accounting period, instrumental in calculating the cost of goods sold.
Purchased Units
Units of goods or services acquired through purchase, often used to refer to inventory items bought for resale in business operations.
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