Examlex
What do payroll systems do?
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been sold.
Job Order Cost System
An accounting method that assigns costs to specific production batches or jobs, trackable by individual orders.
General Cost System
An accounting system that is used to track and allocate the general expenses of a company.
Process Cost System
An accounting system used to accumulate costs in industries where a homogeneous product is produced continuously in a mass production environment.
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