Examlex
Which of the following is not an XML Web service standard?
FIFO Costing
An inventory valuation method where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.
Gross Profit
The difference between sales revenue and the cost of goods sold (COGS), indicating the profitability of a company's core business activities.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor involved.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.
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