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The belief in the four humors as a means of explaining temperament
Weighted-Average Method
An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.
Equivalent Units
A concept used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.
Finished Goods Inventory
Manufactured products that are complete and ready for sale.
Cost Of Goods Sold
The total direct costs attributable to the production of the goods sold in a company, including materials and labor.
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