Chapter 7: Conversion Business Process – AIS – Flashcards
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Finished Goods Inventory
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The inventory that has completed the manufacturing process and is held for sale to customers
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Labor Operations Event
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In the conversion process, an event that represents the recording of labor costs applied to work-in-process
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Production Operations Event
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In a UML class model of the conversion process, an event that records the authorization to produce one or more finished goods inventory
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Raw Materials Issue Event
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In a UML class diagram of the conversion process, an event that records the transfer of raw materials into work-in-process
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Raw Materials Inventory
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The inventory acquired for use in the manufacturing process
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Work-In-Process Inventory
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The value of raw materials, direct labor, and manufacturing overhead in production but not yet finished
