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Which is NOT a factor in cephalization?
Conversion Costs
The combined costs of direct labor and manufacturing overhead, which are incurred to convert raw materials into finished goods.
Opening Inventory
The value or quantity of goods available for sale or use at the beginning of an accounting period.
Weighted Average Process Costing
A method of cost accounting used in production where costs for materials, labor, and overhead are averaged over the units produced, taking into consideration the degree of completion.
Conversion Costs
Expenses related to converting raw materials into finished goods, including labor and overhead costs.
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