Examlex
Factor by grouping.
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Unique Items
Products or goods that are distinct in characteristics or are produced in small quantities, making them rare or uncommon.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, measuring them in terms of the amount of finished goods they represent.
Process Costing
An accounting methodology used to allocate costs to products in industries where the production process is continuous and units are indistinguishable from one another.
Cost Of Goods
The total cost incurred to acquire or manufacture the products sold during a specific period.
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