Describe the Three Major Categories of Consumer Goods

question 214

Essay

Describe the three major categories of consumer goods.

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Definitions:

Job Order Costing

A costing system used to accumulate costs for individual jobs or orders, typically used in industries where products are customized.

Job Cost Sheets

A document used in manufacturing to record the costs associated with a specific job or order, including materials, labor, and overhead.

Work in Process Inventory

Goods and materials that are in the process of being manufactured but are not yet finished products.

Custom-made Furniture

Furniture specifically designed and built to meet the unique requirements and preferences of an individual customer.