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Rough-and-tumble play
Beginning Balance
The starting balance in an account at the beginning of a new accounting period, carried over from the end of the previous period.
Adjusted Cost
The final cost of an asset or product after adjustments for changes in price, inflation, or improvements have been accounted for.
Overapplied Overhead
A scenario in which the overhead costs assigned to manufacturing surpass the real overhead expenses that have been incurred.
Goods Sold
The total quantity of goods that have been purchased by customers during a specific time period.
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