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Untreated sewage is released into a river. Which of the following statements is FALSE?
Conversion Costs
The sum of labor and overhead costs that are necessary to convert raw materials into finished products.
Equivalent Units
Equivalent units is a concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.
Weighted-average
A calculation that takes into account the varying degrees of importance or quantities of different items in a data set, providing a figure that reflects their proportional contributions.
Materials
Substances or components used in the production or manufacturing of goods.
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