ENDING INVENTORY Definition

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ENDING INVENTORY is inventory at the end of the accounting period.

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COST-OF-LIVING LEASE is a lease where yearly increases are tied to the cost of living index.

ALLOCATE is to distribute according to a plan or set apart for a special purpose. Examples: a. spread a cost over two or more accounting periods; b. charge a cost or revenue to a number of departments, products, processes or activities on a rational basis.

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