Examlex
Computers that process data from sensors as events occur are called
Weighted-Average Method
A cost accounting method that calculates the cost per unit of inventory by considering both the cost of existing inventory and the cost of new inventory acquired, weighted by their respective quantities.
Process Costing System
is used in manufacturing where production is continuous, and costs are assigned to processes or departments, then averaged over units produced.
Work in Process
Inventory that includes goods that are in the process of being manufactured but are not yet complete.
Materials
Raw resources or inputs used in the manufacturing or production process to create goods and services.
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