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Which statements correctly describe the term conversion cost

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Reference no: EM132810165

Problem 1: Which of the following statements correctly describes the term "conversion costs"?

Option 1: the cost to convert finished goods to sales to customers

Option 2: the cost incurred for direct and indirect materials during production

Option 3: the cost of direct materials, direct labour, and manufacturing overhead costs incurred during production

Option 4: the cost of direct labour combined with manufacturing overhead

Reference no: EM132810165

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