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The proposal should include a lengthy, detailed list of activities to show planning has been well thought out by the contractor.
Production Activity
Activities involved in the creation of goods or services, including material selection, manufacturing, and quality control.
Work in Process Inventory
Inventory that includes goods that are in the production process but are not yet completed.
Finished Goods Available
The total quantity of manufactured products that are completed and ready for sale to customers at the end of an accounting period.
Raw Materials
Basic materials that are used in the production process of manufacturing goods, prior to being transformed into finished products.
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