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Physical Products
Tangible items that can be bought, sold, or traded, often contrasted with digital goods or services.
Process Costing
A method of costing used mainly in manufacturing where costs are assigned to batches or work units, useful for homogeneous products.
Work In Process Inventory
Items in production that are not yet finished goods, representing a stage between raw materials and finished products.
Job Order Costing
An accounting method used to track costs, revenue, and profitability of individual jobs or projects.
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