Examlex
A selective medium contains one or more substances that inhibit growth of some microbes to facilitate the growth of other desired microbes.
Cost Of Goods
The total expense associated with producing goods, including raw materials and labor costs.
Beginning Inventory
The value of all inventory held by a business at the start of an accounting period.
Periodic Inventory System
An inventory accounting system where the inventory is physically counted at specific intervals to determine the cost of goods sold and ending inventory value.
Average Cost
An inventory costing method where all costs of inventory purchased are averaged to determine the cost of goods sold and ending inventory value.
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