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Let . Compute
.
Ending Inventory Cost
The total value of all the goods a company has in stock at the end of a financial period, calculated using one of several accounting methods.
Physical Inventory
A process of counting the actual inventory on hand at a particular point in time.
Units Available
The total quantity of goods a company has ready for sale or production usage at any given time.
Retail Method
An accounting method to estimate inventory value by applying a consistent markup to the cost of merchandise, used often in the retail industry.
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