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Discuss the various methods of conversion to an AIS system.
Cost of Goods Sold
The total cost of materials and labor directly tied to the production of goods sold by a company during a specific period.
Cost of Goods Available for Sale
The total cost of inventory that a company has in stock and is available to be sold, including both beginning inventory and purchases made.
Sales Discount
A reduction in the selling price offered by a seller to a buyer, usually to encourage prompt payment.
Sales Allowance
A reduction in the selling price of goods, granted by the seller to the customer for partial refund due to minor defects or issues in the sold goods.
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