Examlex
MATCHING
Match each description with the item below.
-Alvah Roebuck
Cost System
A method or procedure adopted by a business to collect, classify, allocate, and report costs associated with its operations.
Work in Process
Inventory items that are in the production process but not yet complete.
Work in Process
Inventory representing partially completed goods that are still in the process of production.
Direct Labor
The wages and benefits paid to employees who are directly involved in the production of goods or services.
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