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The closer a company moves towards Just in Time production, the differences in unit costs between average costing and FIFO will be reduced.
Natural Grassland
Ecosystems dominated by grasses and other non-woody plants, often subject to periodic fires and grazing.
Annual Precipitation
The total amount of rain, snow, sleet, or hail that falls in a geographic area over a year.
Drought
A prolonged period of abnormally low rainfall, leading to a shortage of water and affecting crops, livestock, and human populations.
Grasslands
Ecosystems characterized by large open areas of grasses, important for grazing animals and maintaining biodiversity.
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