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Ending Inventory
The total monetary value of products available for transaction at the end of a financial cycle.
Inventory Error
Mistakes or inaccuracies in counting or valuing inventory that can affect financial statements and business decisions.
Cost of Goods Sold
Costs directly linked to creating goods for sale within a business, such as labor and materials.
Net Income
The profit of a company after all expenses and taxes have been deducted from total revenue.
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