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First-In First-Out (FIFO) assumes that the items purchased or produced first are sold first. Costs of inventory per unit or item are determined at the time produces or purchased. The oldest cost (i.e., the first in) is then matched against revenue and assigned to cost of goods sold. Last-In First-Out (LIFO) is the reverse of FIFO.
This is a list of the highest known prices paid for paintings. The record is approximately US$450.3 million (which includes commission), paid for Leonardo da Vinci's Salvator Mundi (c. 1500). The painting was sold in November 2017, [1] [2] through the auction house Christie's in New York City.
Sod is the upper layer of turf that is harvested for transplanting. Turf consists of a variable thickness of a soil medium that supports a community of turfgrasses. [1] In British and Australian English, sod is more commonly known as turf, and the word "sod" is limited mainly to agricultural senses.
A sod farm structure in Iceland Saskatchewan sod house, circa 1900 Unusually well appointed interior of a sod house, North Dakota, 1937. The sod house or soddy [1] was a common alternative to the log cabin during frontier settlement of the Great Plains of Canada and the United States in the 1800s and early 1900s. [2]
The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index . Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas.
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The following tables compare notable reference management software. The comparison includes older applications that may no longer be supported, as well as actively-maintained software. The comparison includes older applications that may no longer be supported, as well as actively-maintained software.
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...