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After studying the differences between groups and teams, Devon realizes that she and the people she works with every day fall somewhere between the two.She and her coworkers might be described as being __________.
FIFO Process Cost Method
A method of inventory costing that assumes the first units produced or purchased are the first ones used or sold, standing for "First-In, First-Out."
Finished Goods
Products that have completed the manufacturing process and are ready to be sold to customers.
Work In Process
Partially finished goods that are in various stages of production in a manufacturing company's inventory.
Direct Materials
Raw materials that are directly traceable and contribute to the finished product in a manufacturing process.
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