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Exhibit 2-3
-Which of the following points in Exhibit 2-3 represents an inefficient use of the economy's resources?
Weighted-Average Method
A method of costing inventory that allocates the mean cost of available goods for sale to the ending inventory and the cost of goods sold.
Assembly Department
A part of a manufacturing firm where parts are put together to create finished goods.
Work In Process Inventory
Goods partially completed during the manufacturing process, not yet ready for sale.
Units Transferred
The quantity of items moved from one stage of production or location to another within a given period.
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