Examlex
Write the fraction in lowest terms.
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Average Cost
Average cost is the total cost of producing a certain quantity of goods divided by that quantity, calculating the cost per unit of goods produced.
Raw Materials Inventory
The total cost of all the raw materials that are currently held by a company and intended for production.
Standard Costs
Pre-determined or estimated costs of products, labor, and materials or overhead for a particular period under normal conditions.
Kilos
A unit of measure equal to one thousand grams, commonly used worldwide to measure weight.
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