Examlex
Select the letter of the sentence with the correct relative pronoun and the correct punctuation.
-_____
Periodic Inventory System
An accounting method where inventory is updated in the accounting records periodically, often used by smaller businesses due to its simplicity.
Cost Of Merchandise
The purchase price of goods sold by a company, including the cost of acquiring the goods plus any additional expenses to bring them to saleable condition.
Freight In
The cost associated with transporting goods into a business, typically included in the cost of goods sold calculation.
Gross Profit
The financial gain obtained after subtracting the cost of goods sold from the revenue generated from sales.
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