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A behavior pattern that is not excessively competitive,with no free-floating hostility and no sense of urgency,is called
Periodic Inventory System
An accounting method where inventory and cost of goods sold are determined at the end of a period through a physical count.
FIFO Inventory
A method of inventory valuation where the first items produced or acquired are the first ones sold, FIFO stands for "First In, First Out."
Cost of Goods Sold
The total cost of all raw materials, labor, and overhead expenses incurred to produced goods that were sold during a particular period.
Perpetual Inventory System
An accounting method that continuously updates inventory records for purchases and sales in real-time.
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