Examlex
From the two routes shown below,choose the one that would be best for carrying out the reduction.Explain your choice.
Inventory
The goods and materials a business holds for the ultimate purpose of resale or processing.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
FIFO Method
An inventory valuation method where the first goods purchased are the first ones to be sold, "First In, First Out".
Days In Inventory
Days in inventory is a financial metric indicating how long it takes for a company to turn its inventory into sales.
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