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Which act codified the concepts of business necessity and job related?
Cost Of Goods Sold
Costs directly connected to the production of a company's sold merchandise.
Cost Of Goods Purchased
The total expense incurred to buy goods over a period, including transportation and handling, not yet necessarily sold.
Net Purchases
Net purchases refer to the total cost of purchases after adjusting for returns, allowances, and discounts over a specific period.
Cost Of Goods Available For Sale
The total cost of inventory available to be sold during a given period, including both beginning inventory and purchases made.
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