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Phenakistoscope animation used a mirror and a disk with equally spaced slits so that, as the user spun the disk, the image appeared to be a single moving image .
Ending Inventory
The total value of all inventory that a company has in stock at the end of an accounting period.
Decreasing Unit Costs
A situation in which costs per unit of output fall as the volume of production increases, often due to economies of scale.
Higher Amount
A term that refers to a value that is greater when compared with another quantity or measure.
Specific Identification
A method of inventory valuation that tracks the actual cost of each specific item in inventory.
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