Examlex
When listening, you should use verbal feedback and questions to indicate understanding and empathy.
Equivalent Unit
A measure used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.
Materials
The raw inputs or components that are used in the manufacturing process to create finished goods.
Equivalent Units
A concept used in cost accounting to convert partially completed goods into the equivalent of fully completed units.
First-in
A term often used in inventory management that refers to goods sold or used in the same order as they were bought or produced.
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