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If a company purchases merchandise for cash the transaction should be recorded in the
Direct Materials
The raw materials that can be directly traced to the manufacturing of a product.
Remachine
The process of reworking or refurbishing a piece of machinery to restore its functionality or improve its performance.
Manufacturing Cost
The total expense incurred in the process of producing goods, including direct materials, direct labor, and manufacturing overhead.
Scrap
Material that is discarded or left over from the manufacturing process, often repurposed or recycled, but sometimes considered waste.
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