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Which statement does not apply to transition states?
Finished Goods Account
An account used to track the value of products that are completed and ready for sale.
Factory Overhead Ledger
An accounting ledger that details the indirect costs associated with manufacturing, which may include utilities, depreciation, and salaries of non-direct labor.
Unit Costs
The cost associated with a single unit of product or service, including all costs incurred to produce, deliver, and sell the product.
Job Order Cost Systems
An accounting method that assigns costs to specific batches or job orders, tracking the direct materials, direct labor, and manufacturing overhead per job.
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