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Figure 12-2
-Identify the structure labeled "6."
Production Process
The sequence of operations that transforms raw materials or components into finished goods or services.
Standardized Units
Units of measure that have been normalized to a consistent or common standard to ensure uniformity in production, reporting, or analysis.
Job Order Costing
A method of costing that assigns costs to specific batches or job orders, suitable for customized or distinct products.
Periodic Costing
An accounting method that allocates costs to accounting periods, rather than products, useful for companies with varying production levels.
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