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Ending Work
The value of work that remains incomplete at the end of an accounting period, often referred to in calculating work in process.
Equivalent Units
A concept in process costing that converts partially completed units into a number of fully completed units.
Conversion Costs
The total cost of converting raw materials into finished goods, typically including labor and overhead expenses.
Production Data
Information and statistics related to the quantity and cost of materials and labor used in the production of goods.
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