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Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.
Direct Labor Costs
Expenses associated with the wages and benefits of employees who directly work on the production of goods.
Cash Account
An account that tracks the amount of cash available to a business or individual.
Raw Materials Inventory
The total cost of all the materials kept in stock that have not yet been used in manufacturing.
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