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Which of the following organisms makes its own food using energy from the environment and carbon from inorganic molecules such as CO2?
Prime Cost
The direct costs of manufacturing an item, which include direct materials and direct labor costs, but exclude overhead costs.
Conversion Cost
The total expenses of direct labor plus manufacturing overheads used to transform raw materials into finished products.
Cost of Goods Manufactured
The total cost of materials, labor, and manufacturing overhead used to produce goods over a specific period.
Cost of Goods Sold
The expenses directly tied to the manufacture of products sold by a business, encompassing both materials and wages.
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