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The most recent period of juvenile justice is the due process period.
Process Inventory
Inventory that consists of items that are in the production process but have not yet been completed.
Cost System
An accounting system designed to capture, measure, and allocate costs associated with the production of goods or provision of services.
Equivalent Units
A concept in cost accounting used to convert partially completed goods into the equivalent of a full finished unit for inventory valuation.
Conversion Costs
Expenses associated with converting raw materials into finished products, typically including labor and overhead costs.
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