SKU Definition

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SKU is an acronym for Stock Keeping Unit. It is usually used to identify an item carried in inventory or stock.

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INSPECT / INSPECTION, during an audit, is to scrutinize or critically examine a document. As part of a CPA firm's quality control system, a procedure to monitor the effectiveness of the system.

COGM is Cost Of Goods Manufactured. See COST OF GOODS SOLD.

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