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Which of the following documents sets forth the terms and conditions of a franchise?
Total Manufacturing Costs
The sum of all costs directly involved in the production of goods, including raw materials, direct labor, and overhead.
Product Costs
Costs that are directly linked to the creation or acquisition of goods and services sold by a company.
Inventoriable Costs
Costs that are initially recorded as inventory on the balance sheet and expensed as cost of goods sold when the product is sold.
Work in Process Inventory
This inventory category includes items that are in the production process but are not yet completed.
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