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All the following factors are key to e-tailing, except:.
Direct Materials
Raw materials that are directly traceable and contribute to the finished product in a manufacturing process.
Total Cost
The complete sum of all expenses incurred in producing a product or delivering a service, including both fixed and variable costs.
FIFO Process Cost Method
An inventory valuation method that assumes the first items produced or acquired are the first sold or used, standing for "First-In, First-Out."
Equivalent Units
A concept in cost accounting used to express the amount of materials or labor in terms of complete units of production.
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