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Graph the equation.
Manufacturing Costs
The total expenses involved in the production of goods, including direct materials, direct labor, and manufacturing overhead.
Conversion Costs
The combination of labor and manufacturing overhead costs that are incurred to convert raw materials into finished goods.
Ending Work in Process
This refers to the goods that are still in the production process at the end of an accounting period but have not yet been completed.
Total Units
The aggregate quantity of units produced, held in inventory, or sold by a business.
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