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Inventory Turnover
A measure of how many times a company's inventory is sold and replaced over a period.
Beginning Inventory
Beginning inventory refers to the value of a company's inventory at the start of an accounting period, which includes raw materials, work-in-progress, and finished goods.
Cost of Goods Sold
The direct financial outlays for the creation of goods a company markets, involving materials and labor.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated before the next period's inventory is added.
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