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What is Inventory Management and Accounting Methods about?

The document provides information about the perpetual and periodic inventory systems for accounting items and supplies of a company. The perpetual inventory system controls the entries and exits of goods through records of each invoice, while the periodic system determines the total cost of inventories at the beginning and end of the year by adding purchases and subtracting sales. Valuation methods such as weighted average, first in first out, among others, are also described.

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ScribdTranslations

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EN