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When you present your speech, you should
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.
Conversion Costs
Expenses related to transforming raw materials into finished goods, comprising direct labor and manufacturing overhead.
Process Costing
A costing method used in manufacturing where costs are assigned to batches or production runs, typically suitable for standardized products.
Weighted-Average Method
An inventory costing method that assigns a cost to inventory items based on the weighted average of costs of similar goods available during the period.
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