Complete the chart below by putting an "X" in the appropriate box:
Definitions:
Goodyear
A multinational company known for its tire and rubber products.
Inventory
The complete inventory of products and materials in possession of a business, intended either for production or for selling.
LIFO Method
An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting year; stands for Last-In, First-Out.
Ending Inventory
The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold, at the end of an accounting period.
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