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When searching for templates, what is the name for the small pictures of the available choices?
First-in, First-out Method
An inventory costing method where the first items purchased or produced are the first ones sold, assuming that older inventory is sold before newer stock.
Work in Process
Partially finished goods that are in the process of being manufactured but are not yet complete.
Direct Materials
Basic substances which can be directly linked to the production process of a product.
First-in, First-out Method
An inventory valuation method where the costs of the oldest inventory items are assigned to the cost of goods sold first.
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