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Fraternal twins share
Ending Inventory Value
The total value of all the goods available for sale at the end of a financial period.
LIFO Periodic
An inventory accounting method where the last items purchased are the first ones used in costing inventory, applied at the end of the accounting period.
Inventory Value
The total cost or market value of all the goods and products held by a company intended for sale in the ordinary course of business.
Rising Prices
Refers to an economic condition where the general level of prices for goods and services increases over a period of time.
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