Which of the following costs incurred by a paper manufacturer would be included in the group of costs referred to as conversion costs?

A) accounting department costs
B) raw lumber
C) assembly labor's wages
D) administrative salaries

Conversion Costs

Costs incurred in the process of converting raw materials into finished products, typically including direct labor and manufacturing overhead.

Assembly Labor's Wages

The earnings provided to employees who work specifically in assembling parts or products in a manufacturing process.

Raw Lumber

Unprocessed wood used as a base material in construction and manufacturing, typically sold in bulk or by the board foot.