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The most appropriate influence strategy:
LIFO Reserve
The difference between the cost of inventory calculated under the Last-In, First-Out (LIFO) method and its cost calculated under the First-In, First-Out (FIFO) method.
Cost of Goods Sold
Direct costs attributable to the production of the goods sold by a company, including material and labor expenses.
Year-End Costs
Expenses or costs incurred by a business at the end of the fiscal year; these may include adjustments, accruals, and prep for financial reporting.
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