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In humans, prolactin is involved in the production of milk from the breast.When a mother is breastfeeding, the suckling of the baby on the nipple sends a nerve response to the mother's brain, which stimulates the pituitary gland to secrete more prolactin.This, in turn, causes more milk to be produced.This is an example of
FIFO
An inventory valuation method where the first items produced or purchased are the first ones considered sold, standing for "First-In, First-Out."
Departmental Production Report
A detailed document that summarizes the production activities and outcomes of a specific department within a manufacturing company.
Equivalent Units
A concept in cost accounting used to express a quantity of partially completed goods in terms of fully completed units.
Physical Flow
The actual movement of goods or materials through a production process, from receipt of raw materials to the delivery of final products.
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