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How did the advance of capitalism change the social relationship between owners and workers?
FIFO Method
First-In, First-Out method; an inventory valuation technique where the goods purchased or produced first are sold or used first.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are a significant component of its cost.
Work in Process
Inventory representing the cost of unfinished goods in production, including labor, materials, and overhead.
Yield
The earnings generated and paid to investors for an investment, often expressed as a percentage of the price of the investment.
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