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To combat business challenge,leaders communicate and execute business strategies from the Greek words stratus for army and ago for leading.
Equivalent Units
A concept used in process costing that converts partially completed units into a number of fully completed units, facilitating the calculation of unit costs.
Equivalent Units
A concept in cost accounting used to apportion costs to partially completed goods, based on the amount of work that has been put into those goods.
Conversion Costs
Conversion costs are the combined costs of direct labor and manufacturing overhead that are incurred to convert raw materials into finished goods.
Raw Materials Inventory
The stock of basic materials required in the production process before they are processed.
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