Examlex
Thcervix is part of the
Goods In Process Inventory
Items that are partially completed in the production process; not yet finished goods but not raw materials.
Raw Materials Inventory
Raw Materials Inventory is the stock of materials that are on hand and available for use in the production process.
Finished Goods Inventory
Products that have completed the manufacturing process and are ready to be sold to customers.
Weighted Average Cost
A method of calculating the cost of goods sold and ending inventory cost by taking into account the cost of goods purchased at varying prices.
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