Examlex
One of the "package of features" that make up a service is:
Unit Cost
The cost incurred to produce, purchase, or acquire a single unit of a product or service.
FIFO Costing
An inventory valuation method where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.
Gross Profit
The difference between sales revenue and the cost of goods sold (COGS), indicating the profitability of a company's core business activities.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor involved.
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