Examlex
Match the following actions or features with when they would be used:
-Embedding
Conversion Costs
The sum of labor and overhead costs that are necessary to turn raw materials into finished products.
FIFO Method
First In, First Out; an inventory valuation method where the costs of the earliest goods purchased or produced are the first to be expensed.
Process Costing
A method of costing used for homogenous products, where it calculates the cost of each process or stage of production.
FIFO Method
A method of inventory valuation where the oldest items are sold first, standing for "First In, First Out."