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How do tides form? Explain why tides are not always the same size and why tides vary from place to place.
Average Cost Method
A technique for inventory valuation and cost determination that calculates inventory and cost of goods sold based on the average price of all units available during the period.
Average Cost Per Unit
The total cost of production divided by the total number of units produced, providing a cost measure per single unit.
Inventory
The goods and materials a business holds for the ultimate goal of resale or production.
Units
A basic measure or quantity of product one of something, often used in the context of production, sales, or inventory.
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