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What is the difference between comparative and absolute advantage.
Downstream Costs
Expenses incurred after the manufacturing process, such as distribution and marketing.
Work in Process Inventory
Items or goods that are partially completed in the production process but are not yet finished products.
Manufacturing Costs
The expenses involved in producing goods, including labor, materials, and overhead.
Cost of Goods Sold
The direct costs attributable to the production of goods sold by a company, including direct materials, direct labor, and manufacturing overhead.
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