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The three main factors that led to a rapid increase in the global human population are
Equivalent Units
An approach in cost accounting that quantifies the work performed by unfinished units as if they were fully completed units.
FIFO Method
"First In, First Out," an inventory valuation method where the oldest inventory items are recorded as sold first.
Cost Control
Measures implemented by a company to maintain cost efficiency and budget adherence during its operations.
Weighted-Average Method
An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.
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