N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.51 - Book inventory
(a)
An inventory which is not the result of actual stocktaking but of adding the
units and the cost of incoming goods to previous inventory figures and
deducting the units and cost of outgoing goods.
(b) The balances of materials or products on
hand in quantities, dollars, or both, appearing in perpetual-inventory
accounts.
Notes
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