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After gold, what was the most import trade commodity to come out of West Africa?
Consigned Party
The entity or person holding goods on behalf of another in a consignment agreement, where the goods are sold on the owner's behalf.
Weighted-Average Method
An inventory costing method that calculates the cost of ending inventory and cost of goods sold using the average cost of all similar items in inventory.
Net Income
The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue; a key indicator of a company's profitability.
Current Prices
Prices of goods, services, or assets at the current time, without adjustment for inflation.
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