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Under normal conditions,the air of the earth's surface is heated by the sun and rises to mix with cool air above it,but in a temperature ________,a warm layer of air moves in over a cooler layer of smog.This new layer sits on top of existing smog,trapping it so the air cannot leave.
Average-Cost Method
An inventory costing method where the cost of goods sold and ending inventory are calculated using the average cost of all units available for sale during the period.
Merchandise Inventory
Goods and products held by a business for the purpose of resale to customers, forming a key current asset on the balance sheet.
FOB Shipping Point
Freight terms indicating that the seller places goods free on board the carrier, and the buyer pays the freight costs.
Freight Costs
The expenses associated with transporting goods from one location to another.
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