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The re-discovery of linear perspective was made by
FIFO
"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.
LIFO
Last-In, First-Out, an inventory valuation method where the most recently produced items are sold first.
Computed Amounts
Quantitative values determined through calculations or algorithms, often used in financial statements and analyses.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than continuously.
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