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_____ Are Small Groups That Range from Two to About

question 15

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_____ are small groups that range from two to about twelve individuals and average about five or six individuals.


Definitions:

Finished Goods

Products that have completed the manufacturing process but have not yet been sold to customers.

Job Cost System

An accounting system used to track costs specifically by job or order, collecting material, labor, and overhead costs.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold.

Work in Process

A stage in the production process where goods are partially completed and will require further work before they are ready for sale.

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