Examlex
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Periodic Inventory System
An inventory accounting method where the inventory count and the cost of goods sold are determined at the end of an accounting period.
Merchandise Inventory
Goods or products that a company holds with the intention of selling them to customers for a profit.
Freight In
The cost associated with transporting goods from the supplier to the buyer, which is often added to the purchase cost of inventory.
Income From Operations
The profit generated from a company's regular business activities, excluding deductions of interest and taxes.
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