Other
Perpetual Inventory
Also known as: Perpetual Inventory System
An accounting approach that updates inventory value and cost of goods sold continuously, with every sale and receipt, rather than only at period end. It gives you an always-current COGS and inventory figure instead of a once-a-month estimate. Landara runs a perpetual FIFO cost ledger against your Shopify orders so your COGS is accurate order by order.
Cost Category
Perpetual Inventory is classified as a Other charge in landed cost calculations.
Other charges include storage, packing, labeling, and miscellaneous service fees.
Related Keywords
perpetual inventorycontinuousreal-time cogsinventory system
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