Examlex
The given pattern continues. Write down the nth term of the sequence suggested by the pattern.
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LIFO
Last-In, First-Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.
Average Cost
A calculation that divides the total cost of goods available for sale by the total units available for sale, offering a way to determine the cost of an item's inventory.
First-In, First-Out
An inventory valuation method where the oldest inventory items are recorded as sold first, used in both accounting and inventory management.
Last-In, First-Out
An inventory valuation method where the most recently produced items are the first to be expensed, often used in industries where inventory items are indistinguishable.
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