Examlex
In making judgments about category membership, participants:
Conversion Costs
The costs required to convert raw materials into finished goods, which typically include direct labor and manufacturing overhead.
Total Cost Transferred
The aggregate expense shifted from one account or department to another, often used in manufacturing to denote the total cost moved from work in process to finished goods.
Processing Department
A specific unit within a manufacturing facility where a certain process or set of processes is carried out to advance the production of goods.
Units Transferred Out
In process costing, this refers to the finished units that are moved out of a production process to the next process or to finished goods inventory.
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