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What was the essential ideological thrust of President Wilson's Fourteen Points? Were they "too idealistic" from the start, or a quite rational set of objectives to prevent the problems that had caused World War I in the first place?
Ending Inventory
The total value of all inventory a company has available for sale at the end of an accounting period.
Average Cost
A method of inventory costing that determines the cost of goods sold and ending inventory based on the weighted average cost of all purchases.
Gross Profit Method
A technique used to estimate the amount of ending inventory using the gross profit margin.
Net Realizable Value
The expected selling price in the ordinary course of business minus the estimated costs of completion and the costs necessary to make the sale.
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