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Multisensory Input/output Devices, Such as Data Gloves or Jumpsuits, Are

question 21

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Multisensory input/output devices, such as data gloves or jumpsuits, are commonly used with _______________ systems.


Definitions:

Ending Inventory

The total value of a business’s merchandise, raw materials, and products not yet sold at the end of an accounting period.

FIFO

"First In, First Out," an inventory valuation method where goods first acquired are the first to be sold, used in accounting to calculate the cost of goods sold.

Net Income

The profit of a company after all expenses and taxes have been subtracted from total revenue.

Average Cost Method

An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all similar items available.

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