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Job-Order Costing
A cost accounting system that assigns manufacturing costs to an individual product or batch of products, making the cost tracking process more manageable.
Unadjusted Cost Of Goods Sold
The initial recording of all costs associated with the goods sold by a company before any adjustments for returns, allowances, or discounts.
Job-Order Costing
An accounting method used to track costs and evaluate the profitability of individual jobs or batches.
Work In Process
Inventory items that are in the middle of the manufacturing process and are not yet completed products.
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