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Mattel's Cabbage Patch Snacktime Kids doll was designed to eat plastic toys that were drawn into the doll's motorized mouth. However, despite extensive testing, the doll was found to "eat" the child's hair and was subsequently recalled and discontinued. Mattel discontinued the item because of consumers' right to
Weighted-Average Cost Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units purchased during the period.
Conversion Costs
The aggregate expenditure on direct labor and manufacturing overhead necessary for converting raw materials into final products.
Equivalent Units
Represents a calculation in process costing that converts partially completed units into a number of fully equivalent units.
Weighted-Average Method
An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during the period.
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