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Why were railroads such an important factor in the growth of industrial strength in America?
Perpetual Inventory System
An inventory accounting system where updates are made continuously as transactions occur, reflecting the real-time quantity of inventory on hand.
Cost Of Goods Sold
Costs pertaining directly to the crafting of goods a business sells, covering both labor and material expenses.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of technology, ensuring continuous updating of inventory and cost of goods sold data.
Freight Costs
Expenses incurred by a company to ship its products to customers, usually varying based on distance and weight.
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