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A company sells a single product and had the following beginning inventory,purchases,and sales during March. Calculate the cost of the ending inventory under each assumption below:
Ordinal
Pertaining to data types or variables that represent categories with a meaningful order but no consistent difference between adjacent categories.
Ordinal
Pertaining to a type of data or scale that reflects order or ranking among categories, without indicating magnitude differences.
Categorical
Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct from each other, such as gender or color.
Ordinal
A type of qualitative data that involves order or ranking of the values, but the intervals between the values are not necessarily uniform.
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