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Today, the priest-penitent privilege applies only to statements made in confession.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product.
Journal Entry
A record in the accounting ledger that represents a single transaction and its effect on accounts.
Process Costing System
An accounting method used for homogenous products, allocating production costs based on the processes or departments through which the products pass.
Work in Process Inventory
Items that are in the process of being produced but are not yet complete.
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