What Was the Result of the Battle of Vicksburg in July

question 32

Multiple Choice

What was the result of the Battle of Vicksburg in July 1863?

• A) A Confederate victory forced Union commanders to question whether they could win the war.
• B) Weeks of battle and horrendous casualties produced only a stalemate.
• C) The Union army's victory opened up a large portion of the Mississippi River.
• D) The Confederates forced the Union army out of the deep South.

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Definitions:

Inventory Cost Formulas

Methods used to determine the cost of inventory sold and ending inventory value, such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and weighted average cost.

FIFO

First In, First Out, an inventory valuation method that assumes that the first items placed in inventory are the first sold.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal.