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Graph the inequality on a plane.
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Ending Inventory
The cost of items on offer at the close of an accounting term.
FIFO
"First-In, First-Out," an inventory management and valuation method where the earliest goods acquired are the first sold or used.
Perpetual
In inventory management, a perpetual system continuously updates the inventory records for each purchase and sale, providing real-time inventory levels.
Periodic Inventory Systems
An inventory recording system where goods are physically counted at specific intervals to determine cost of goods sold and ending inventory.
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