Examlex
Same-sex sexual preferences have been induced in several species by perinatal
Cost of Goods Sold
An expense reflecting the direct costs attributable to the production of the goods sold by a company.
LIFO Inventory Method
An accounting method that assumes the last items of inventory purchased are the first to be used or sold, affecting the cost of goods sold and inventory valuation.
FIFO Inventory Method
An accounting method for valuing inventory that assumes the first items purchased are the first ones sold.
Ending Inventory
The total value of all inventory that a company has in stock at the end of an accounting period.
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