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Average Inventory
An accounting measure used to estimate the value or quantity of inventory over a period, typically calculated as the sum of the starting and ending inventory divided by two.
Beginning Inventory
The value of a company’s inventory at the start of an accounting period, before any purchases or sales have occurred.
Quarterly
occurring every three months or four times a year, often used to describe the periodic reporting schedule of businesses and investments.
Cost of Goods Sold
The expenditure directly associated with producing a company's sold goods, covering materials and labor involved.
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