Examlex
Managers normally differentiate main products from by-products based on their sales values.
Purchase Order
A document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.
Receiving Report
A document that records the details of items received in a shipment, used to verify deliveries and manage inventory.
Factory Overhead
All indirect costs related to manufacturing, excluding direct materials and direct labor.
Work in Process
Definition: Inventory that represents goods in the production process but not yet completed.
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