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Evaluate
Materials Costs
The overall cost associated with the materials utilized in manufacturing goods or providing services.
Conversion Cost
The combined costs of direct labor and manufacturing overheads incurred to convert raw materials into finished goods.
Physical Units
A method of measuring production or inventory in terms of actual physical items or quantities.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.
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