How Did New Processes for Producing Textiles Change How People

question 34

Multiple Choice

How did new processes for producing textiles change how people dressed in the 1830s and 1840s?

• A)they wore more home-made clothing
• B)most people wore ready-made clothing
• C)home-made clothing increased in quantity and decreased in price
• D)better quality fabric became more expensive so most wore cheap grades of cloth

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Definitions:

LIFO

"Last In, First Out," an inventory valuation method where the latest goods purchased are the first to be sold.

Inventory Cost Card

A record-keeping tool that tracks the cost associated with a specific item of inventory, detailing purchases, sales, and adjustments.

Perpetual Inventory System

An inventory management system where updates to inventory records are made in real-time following each sale or purchase transaction.

FIFO

An inventory valuation method that assumes the first items acquired are the first ones sold, standing for First-In, First-Out.