${?}_{1.An\text{i}\text{n}\text{v}\text{e}\text{n}\text{t}\text{o}\text{r}\text{y}\text{a}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{i}\text{n}\text{g}\text{m}\text{e}\text{t}\text{h}\text{o}\text{d}\text{t}\text{h}\text{a}\text{t}\text{r}\text{e}\text{c}\text{o}\text{r}\text{d}\text{s}costof\text{g}\text{o}\text{o}\text{d}\text{s}\text{s}\text{o}\text{l}\text{d}at\text{t}\text{h}\text{e}\text{t}\text{i}\text{m}\text{e}of\text{e}\text{a}\text{c}\text{h}\text{s}\text{a}\text{l}\text{e}\text{.}}$

$--2.An$ inventory accounting method that records cost $of$ goods sold $at$ the end $of$ the period.

$--3.$ The time period $in$ which reduced payment can $be$ made $by$ the buyer because $of$ a cash discount offered $by$ a seller $of$ goods $on$ credit.

${?}_{4.}$ The loss $of$ inventory from theft and deterioration.

$--5.$ A cash discount granted, from the view $of$ the purchaser intended $to$ encourage buyers $to$ pay amounts owed earlier.

Price reduction granted $by$ the seller $to$ a buyer $of$ defective $or$ unacceptable merchandise.

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