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What is the basic purpose of the World Trade Organization (WTO)?
Standard Costs
Predetermined costs for materials, labor, and overhead intended as targets for performance evaluation.
Kilos
A unit of measure equivalent to 1000 grams or approximately 2.20462 pounds, often used for measuring weight.
Raw Material
Raw material refers to the basic, untreated resources that are used in the manufacturing process to produce finished goods.
Raw Materials Inventory
The total cost of all raw materials that are yet to be used in production.
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