[Solved] The distribution of child pornography via the Internet has become the fastest-growing crime of the twenty-first century. LIFO Inventory: An inventory valuation method where the last items to enter inventory are the first ones to be used or sold. Periodic Inventory: An inventory accounting system where the inventory is updated and the cost of goods sold is calculated at the end of a period instead of after each sale. Inventory Balance: Refers to the total value of all inventory a business has in stock at a specific point in time, including raw materials, work-in-progress, and finished goods. Replacement Cost: The amount required to replace an asset at current prices, ensuring similar functionality or capacity.