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The prevailing explanation for the relationship between stress and illness has been that increased levels of stress result in a decrease in the immune system's ability to protect the body from illness.On the other hand,it is possible that people who are experiencing stress engage in more health-damaging behaviors,this leads us to a greater likelihood of illness.This different explanation of the relationship demonstrates the importance of
Ending Inventory
At the close of an accounting period, the value of products available for sale is calculated by taking the initial inventory, adding any purchases, and then deducting the cost of goods sold.
Cost Flow Assumption
An accounting method that determines the cost of goods sold and ending inventory valuation, examples include FIFO, LIFO, and weighted average.
LIFO
Last In, First Out, is an inventory valuation method assuming that goods purchased last are the first to be sold.
FIFO
First In, First Out, a method used in accounting to manage inventory and financial matters where the first items placed in inventory are the first sold or used.
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