______ Use Basic Graphical Symbols to Show an Organization of and Relationships

question 58

Short Answer

______ use basic graphical symbols to show an organization of and relationships between data.

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Definitions:

FIFO Cost Method

An inventory valuation method that assumes goods are sold in the order they were acquired, using the costs of the earliest items first.

Ending Inventory

This is the total value of all inventory still available for sale at the end of an accounting period.

Periodic Inventory System

An inventory accounting method where inventory levels and cost of goods sold are determined at the end of an accounting period.

Beginning Inventory

The value of all inventory that a company has in stock at the start of an accounting period.