Examlex
What is the correct name of the following compound?
Periodic Inventory System
A method of inventory valuation in which inventory levels and cost of goods sold are determined at the end of an accounting period.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.
Gross Profit
The difference between sales revenue and the cost of goods sold.
Cost of Goods Sold
The direct monetary outlays for the creation of goods a company markets, including costs for labor and materials.
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