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Net Operating Income
Represents the profit earned from a company's core business operations, excluding expenses and revenues from non-operating activities.
Job-Order Costing
A cost accounting system that assigns manufacturing costs to an individual product or batch of products, typically used when the products being produced are sufficiently different from each other.
Work in Process Inventory
The total value of all partially completed goods or work that is not yet finished within a production process.
Operations
Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.
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