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Simplify and write with positive exponents only.
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Finished Goods Inventory
Finished goods inventory refers to the stock of completed products ready for sale at the end of an accounting period.
Cost of Goods Manufactured
The total production cost of goods that are completed during a specific period.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including material and labor costs.
Schedule of Cost of Goods Manufactured
A detailed report showing the total production costs incurred to produce goods in a specific accounting period.
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