[...] method of accounting for inventory, matches sales against the costs of items of inventory in the order in which they were placed in inventory.
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4.1. General Principles
In general, a company recognizes expenses in the period that it consumes (i.e., uses up) the economic benefits associated with the expenditure, or loses some previously recognized economic benefit.28
last interval [days]
repetition number in this series
scheduled repetition interval
last repetition or drill
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