Examlex
The Tuskegee Syphilis Study was the first to use human subjects as "clinical material, not people."
Perpetual Inventory System
An accounting method that records inventory updates continuously as sales and purchases occur.
FIFO
"First In, First Out," an inventory valuation method where goods first added to inventory are the first sold, used to determine the cost of goods sold and remaining inventory.
Ending Inventory
Ending Inventory is the total value of all inventory, including raw materials, work-in-process, and finished goods, that a company has at the end of an accounting period.
Perpetual Inventory System
A continuously updated system for tracking inventory that adjusts in real-time with each sale or return transaction, maintaining constant, accurate inventory records.
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