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The theory of evolution by natural selection was first introduced by
Raw Materials
The basic, unprocessed or partially processed materials used to produce goods and finished products in manufacturing.
Work in Process Inventory
Goods partially completed in manufacturing but not yet ready for sale, reported as a current asset.
Manufacturing Overhead Applied
The allocation of manufacturing overhead costs to units of product based on a predetermined rate or base.
Overhead Applied
The allocation of indirect costs to produced goods or services based on predetermined rates.
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