Examlex
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FIFO Inventory Method
An accounting method for valuing inventory that assumes the first items purchased are the first ones sold.
Ending Inventory
The total value of all inventory that a company has in stock at the end of an accounting period.
Decreasing Unit Costs
A situation in which costs per unit of output fall as the volume of production increases, often due to economies of scale.
Higher Amount
A term that refers to a value that is greater when compared with another quantity or measure.
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