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According to the rule of disclosure reciprocity,
Direct Costs
Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.
Merchandise Purchases
Transactions involving the buying of goods for resale by a retailer, wholesaler, distributor, or similar entity.
Merchandise Inventory
Goods that a company holds for the purpose of resale in the ordinary course of business, often considered as current assets on the balance sheet.
Cost of Goods Sold
Expenses directly arising from the production of goods a company offers for sale, involving labor and materials.
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