Examlex
The first step in a water conservation program is to begin replacing fixtures as quickly as possible.
First Processing Department
The initial stage or department in a manufacturing process where raw materials begin their transformation into finished goods.
Transferred Out
This term is used in accounting to describe costs or goods that are moved from one production process or department to another.
Materials
Raw substances used in the manufacturing process to create a finished product.
Equivalent Unit
A concept used in cost accounting to convert partially completed goods into a number of completed units for accounting purposes, considering the degree of completion.
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