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In the case of the First Session with a Greek Immigrant Family:
Conversion Costs
Costs incurred to convert raw materials into finished products, generally including direct labor and manufacturing overhead.
Materials Cost
The cost of raw materials and components used to create a product.
Ending Work
Typically refers to the working process or inventory that is still in progress at the end of an accounting period.
Production Cost Report
A detailed document outlining the costs associated with the production of goods, including materials, labor, and overhead.
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