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Every time Sue Samuels comes in from a long selling trip, she makes sure to give reports to all her colleagues on knowledge she has gained and experiences she had while on the road. She has found that her "information tips" are a great way to set the stage for decision-making that she would like to go her way. Based on her actions, what role is Sue playing in her organization?
Work in Process Inventory
Inventory that includes goods that are in the production process but are not yet complete.
Equivalent Units
A concept used in process costing that converts partially completed units into a number of fully equivalent units.
Weighted Average Method
A cost accounting method used to calculate the cost of goods sold and ending inventory by taking into account the weighted average of all inventory costs.
Job Order Cost Accounting
An accounting method that accumulates and assigns costs to specific products or projects based on individual job orders.
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