Examlex
Which term is also known as choking?
Locked Warehouse
A secured storage facility used to hold goods or collateral, often for financial arrangements or until customs duties are settled.
Cost of Goods Available for Sale
The total cost incurred for the merchandise sold by a company during a specific period, including the cost of inventory at the beginning of the period and purchases made during the period.
Inventory at Year-End
The valuation of unsold goods and materials on hand at the close of a fiscal year, recorded as a current asset on the balance sheet.
Purchase of Inventory
The acquisition of goods and materials a company intends to sell in the normal course of business.
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