Match each phrase that follows with the term (a-h) it describes. Clear All costs incurred in a previous process that are carried forward as part of the product's cost when it moves to the next department first-in, first-out method costing system used by a company producing computer chips transferred in costs measure of the work done during a production period, expressed in terms of fully complete units of output cost of production report summary of the activity in a processing department for a specific period equivalent units prime costs direct labor and direct materials a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit job order costing conversion costs direct labor and factory overhead costing system used by a company producing computer chips transferred in costs measure of the work done during a production period, expressed in terms of fully complete units of output cost of production report summary of the activity in a processing department for a specific period equivalent units prime costs direct labor and direct materials a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit job order costing conversion costs direct labor and factory overhead costing system used by a company producing custom window treatments process costing