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A(n) ____ character is a trait that has evolved relatively recently.
FIFO
First-In, First-Out, an accounting method for managing inventory and financial matters where the oldest inventory items are sold or used first.
Inventory Costing
A method used to assign costs to inventory items and determine the cost of goods sold during a period.
Purchase Order
A document issued by a buyer to a seller, specifying the types of products, quantities, and agreed prices for products or services the seller will provide to the buyer.
Inventory
The total amount of goods and materials held by a company that are ready for sale or in the process of being produced.
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