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Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the number of finished units those in-process items represent.
Motion Pictures
A category of visual art form that uses moving images to tell stories or convey information, often accompanied by sound.
Process Cost System
An accounting system used to track costs in industries where production is continuous and processes are uniform, assigning costs to units of output.
Equivalent Units
A concept used in cost accounting to convert partially completed goods into a number of complete units of output.
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