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Total Cost Transferred
The cumulative cost relocated from one department to another or from production to finished goods inventory.
Processing Department
A specific location or unit within a manufacturing facility where a distinct process or series of processes occur for the production of goods.
Equivalent Unit
A measure used in cost accounting to express the amount of work done on partially finished goods as an equivalent number of fully finished units.
Processing Department
A division within a manufacturing facility where a specific type of production activity or process is carried out.
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