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In the new view of biological classification, the three domains of life are
Total Materials Costs
The sum of all costs associated with the materials required to manufacture a product.
Work In Process Inventories
Inventories that represent goods that are partially completed in a manufacturing process.
Conversion Costs
Costs related to transforming raw materials into finished goods, typically including direct labor and manufacturing overhead.
Physical Units
A measure of production output or inventory, quantified in terms of tangible goods or items.
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