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After so many years of craft unionism, what led to the rise of industrial unionism in the United States?
Process Cost System
An accounting method used to track costs associated with producing homogenous products in continuous processes.
Work In Process
Inventory that includes goods in the production process but not yet completed, often referred to as WIP.
Conversion Costs
The combined costs of direct labor and overhead that are incurred to convert raw materials into finished products.
Raw Steel
The unprocessed product from melting iron ore, scrap steel, and other additives in a blast furnace, which is the base material for making steel products.
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