Examlex
When HR activities are outsourced to foreign countries,this is called HRO,or human resources outsourcing.
Work in Process
Inventory consisting of items that are in the stages of being processed into finished goods but are not yet complete.
Weighted-Average Method
An inventory costing method that assigns a weighted average cost to each unit in inventory, calculated after each inventory purchase.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, expressed in terms of fully completed units.
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