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When you view a selection at Amazon.com and see "Customers who bought this (item) also bought...," you are seeing the application of
Flow of Costs
Describes the movement of costs from inventory to the cost of goods sold in accounting.
Manufacturing Accounts
Financial statements that reflect the costs and revenue associated with the manufacturing process of a company.
Process Costing
A costing method used where similar items are produced in a continuous manufacturing environment, assigning costs based on the process they go through.
Direct Materials
Direct Materials are raw materials that are directly traceable and allocable to a finished product in the manufacturing process.
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