Assume a manufacturer of automobiles. How would the cost of steel used in the manufacture of the automobiles be classified? Group of answer choices prime conversion both prime and conversion neither prime or conversion

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Assume a manufacturer of automobiles. How would the cost of steel used in the manufacture of the automobiles be classified?
Group of answer choices
prime
conversion
both prime and conversion
neither prime or conversion
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