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What is the output of the following code snippet?
Beginning Inventory
The value of all the inventory held by a company at the start of its accounting period.
Work In Process
Inventory that includes items currently being manufactured but not yet completed.
Units
The individual items or product quantities produced or sold by a business.
FIFO Method
An inventory valuation method that assumes items purchased or produced first are sold first, and the newer inventory remains unsold.
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