Examlex
A(n) Web browser is a software program that runs on your computer and helps you access Web pages.
Materials Output
The quantity of materials produced or used in the production process within a specific period.
Equivalent Units
A concept used in cost accounting to express the amount of materials, labor, or overhead costs in terms of fully completed units.
Physical Units
A measure of quantity, such as items or pieces, used to quantify the inventory, output, or production level of a business.
FIFO Method
An inventory valuation method where the first items acquired are the first ones sold or used, standing for First In, First Out.
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