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After finishing the draft,what are the next steps in completing reports and proposals?
Total Conversion Costs
Total conversion costs are the sum of labor and overhead expenses incurred to convert raw materials into finished goods.
Ending Work in Process
The balance of goods that are still in the production process at the end of an accounting period and have not yet been completed.
Units Started
The quantity of units that began production over a particular period in the manufacturing process.
Beginning Work in Process
The inventory of production goods that have been partially completed but are not yet finished at the start of a period.
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