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What are the two negotiation stages that Americans should expect when negotiating with the Chinese?
Conversion Costs
The costs incurred in the process of converting raw materials into finished goods, typically including labor and overhead expenses.
Brazing Department
A specific department in manufacturing where brazing, a process of joining metals using a filler metal, takes place.
FIFO Method
First In, First Out method; an inventory valuation approach where goods produced or acquired first are sold or used first.
Units Transferred
The number of units moved from one production process or department to another.
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