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Radical Radials Company has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is
Batch Processing
The accumulation of transaction data until a certain point is reached, at which time several transactions are processed at once.
Transaction
A process of buying or selling goods or services, or any exchange of value between two or more parties.
Batch Processing
A method of processing data where a group of transactions is gathered over a period and processed together at once.
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