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Tecumseh was a Shawnee chief who
Ownership
The legal right to possess, use, and control a tangible or intangible item.
Consignment
The process of placing goods in the possession of another party to sell, while retaining ownership until the goods are sold.
Consignee's Ending Inventory
The value of goods that are still on consignment at the end of an accounting period, not yet sold by the consignee.
Specific Identification
An inventory costing method where the cost of each specific item in inventory is identified and assigned to the sold units.
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