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Inventory Records
Inventory records are detailed lists or databases that track the quantities, locations, and statuses of products or materials that a company holds in stock.
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including the cost of the materials and labor directly used to create the product.
Gross Profit
A company's revenue minus its cost of goods sold, indicating the efficiency of a company in managing its production and labor costs.
Net Income
A company's total earnings or profit, calculated by subtracting total expenses from total revenues.
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