Examlex
Sociobiologists seek to explain an animal's social behavior in terms of __________.
Physical Count
An actual count of merchandise or inventory on hand, often conducted at the end of an accounting period to verify the accuracy of records.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.
Net Realizable Value
Net Realizable Value is the estimated selling price of goods, minus the estimated costs of completion and necessary selling costs, used for inventory valuation and accounts receivable.
Inventory
The merchandise and supplies a company maintains with the end purpose of selling or manufacturing.
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