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Job Order Cost Cards
Documents or electronic records that track the expenses related to a specific job or order, including direct labor, direct materials, and allocated overhead costs.
Perpetual Inventories
A method of inventory management where the inventory records are updated on a continuous basis as transactions occur.
Product Costs
Expenses directly tied to the production of goods, including materials, labor, and factory overhead.
Process Cost System
An accounting methodology used to allocate costs to units of production in continuous or repetitive operations.
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