Examlex
Which of the following is NOT a type of quality costs?
Perpetual LIFO
Perpetual Last-In-First-Out is an inventory cost method assuming that the last items added to inventory are the first sold, continually updating inventory and cost of goods sold values.
Ending Inventory
The overall price of items available for selling at the end of a fiscal period.
Inventory Units
Quantities of goods held by a business for the purpose of sale or production.
Purchase Discounts
Reductions in the purchase price of goods, usually provided by a supplier to the buyer for early payment or bulk buying.
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