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The Encoding Specificity Principle States That

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The encoding specificity principle states that


Definitions:

Raw Materials

Basic materials that are used in the production process to manufacture goods and are not yet processed or fabricated.

Work in Process

Goods that are in various stages of the production process but are not yet completed.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.

Job Order Cost System

An accounting system that accumulates costs for each individually customized job, useful in manufacturing or service settings where work is undertaken on a specific order basis.

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