The Technology That Is Becoming an Increasingly Efficient Tool for Tracking

question 19

Short Answer

The technology that is becoming an increasingly efficient tool for tracking items through a supply chain is ______________________.

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Definitions:

Raw Materials Account

An account used to track the cost of raw materials not yet used in production in a company's inventory.

Ending Balance

The amount of money remaining in an account at the conclusion of a time period, after all additions and subtractions have been accounted for.

Work in Process Account

An account used in the manufacturing process to track the costs associated with production that is not yet completed, including labor, materials, and overhead.

Ending Balance

The final amount in an account at the end of a period, after all additions and subtractions have been accounted for.