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Refer to the figure to classify the statement as true or false.
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Finished Goods Inventory
The stock of completed products that have not yet been sold to customers.
Required Production
The amount of production a company needs to meet its sales goals and inventory policies, often calculated based on forecasted sales plus target ending inventory minus beginning inventory.
Manufacturing Corporation
A manufacturing corporation is a company engaged in the industrial production of goods and products.
Produced Units
The total number of units manufactured during a specific period.
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