Examlex
What decision allowed the Soviet Union to eventually gain control of Eastern Europe?
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.
FIFO
"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones sold.
Ending Inventory
The final value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.
FIFO
First-In, First-Out, an inventory valuation method where goods first bought are the first to be sold, assuming that the oldest inventory items are sold before newer ones.
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