Examlex
Explain the important characteristics of SAP's enterprise resource planning (ERP)system.
Cost Of Goods Sold
The total cost directly associated with producing or acquiring the goods sold by a company during a specific period.
Periodic Inventory Systems
Periodic Inventory Systems are accounting methods that calculate the inventory at the end of an accounting period to determine cost of goods sold and ending inventory.
Perpetual Inventory Systems
Inventory accounting method that continuously tracks inventory levels and updates accounting records for each purchase and sale.
Inventory Records
Inventory records are detailed lists or databases that track the quantities, locations, and statuses of products or materials that a company holds in stock.
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