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The figure below is from an experiment on athletes. The "live high, train low" group lived for 18 days in rooms with a simulated altitude of 3,000 m, while training (exercising) at 1,200 m. Use this information and this figure to answer the following questions.
-What does the graph show about the experiment?
FIFO Periodic
An inventory valuation method where the oldest inventory items are recorded as sold first, under a periodic system that updates inventory balances at the end of an accounting period.
Beginning Inventory
The value of a company's inventory at the start of an accounting period, carried over from the end of the prior period.
Sold Units
The number of units of a product or goods that have been sold during a specific period.
FIFO Perpetual
An inventory valuation method where the first goods purchased are the first ones sold, continuously updated for each sale and purchase.
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