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Materials Cost
The cost of raw materials and components used to create a product.
Ending Work
Typically refers to the working process or inventory that is still in progress at the end of an accounting period.
Production Cost Report
A detailed document outlining the costs associated with the production of goods, including materials, labor, and overhead.
Ending Work In Process
The value of all unfinished goods held by a company at the end of an accounting period.
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