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After the Persians under Cyrus conquered Babylon in 538 B.C.
Conversion Cost
The sum of direct labor and manufacturing overhead costs, representing the costs to convert raw materials into finished goods.
Equivalent Units
A concept used in cost accounting to convert units of production into an amount of completed units to measure progress.
Conversion Costs
Costs specifically associated with converting raw materials into finished goods, which include labor and overhead.
Whole Units
The number of units in production during a period, whether completed or not.
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