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Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
Direct Materials
Basic substances directly linked to the creation of a particular product.
Job No. 100
This is generally a specific reference to a unique job or project number within a job-order costing system, and not a widely known key term.
Work in Process
Inventory that includes goods that are in the process of being manufactured but are not yet completed.
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