Examlex
The development of different languages from a single ancestral language is known as linguistic divergence.
Work In Process
Work in process are goods in various stages of production within a factory, not yet completed to become finished goods.
First-In, First-Out
An inventory valuation method where goods first purchased or produced are the first to be sold or used, assuming the earliest inventory costs flow out first.
Conversion Costs
Conversion costs are manufacturing or production costs that include direct labor and overhead expenses, necessary to convert raw materials into finished goods.
Equivalent Units
Equivalent units refer to a conversion measure used in cost accounting to express the amount of work done by manufacturers on units that are only partially completed at the end of an accounting period.