Examlex
Researchers can manipulate data if the deception supports well-intentioned personal, economic, and political agendas.
Ending Inventory
The value of goods that remain unsold at the end of an accounting period.
Cost Flow Assumption
An accounting method used to value inventory and determine the cost of goods sold, such as FIFO (First In, First Out) or LIFO (Last In, First Out).
LIFO
"Last In, First Out" method of inventory valuation where the most recently produced items are recorded as sold first.
FIFO
First In, First Out, an inventory valuation method where goods purchased or produced first are sold or consumed first.
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