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Components of the first line of defense include all of the following, except
Perpetual Inventory System
A method of accounting for inventory that continuously updates inventory records after each purchase or sale.
FIFO Periodic Inventory Method
The first-in, first-out (FIFO) periodic inventory method assumes that goods sold are those that were added to the inventory earliest, calculated periodically at the end of a reporting period.
Ending Inventory
Goods' valuation ready for trading at the end of a bookkeeping period.
FOB Shipping Point
A term that indicates the buyer takes responsibility for goods once they are shipped, and the point of departure marks the transfer.
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