Examlex
Object and image for a plane mirror lie
Inventory
The goods and materials a business holds for the purpose of resale or production.
Freight-in
The cost of transporting goods into a firm, usually considered part of the inventory cost.
Cost of Selling Goods
The total expense directly incurred from the production or purchase of items sold by a business.
Cost of Goods Sold
An expense recorded on the income statement that reflects the total cost of producing or purchasing the goods that a company has sold during a specific period.
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