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Finished Goods Inventory
This inventory includes products that have completed the manufacturing process but have not yet been sold to customers.
Cost Of Goods Manufactured
The total manufacturing costs of goods that are completed and ready for sale within a specific accounting period.
Manufacturing Overhead
All manufacturing costs that are not directly traceable to a product, including costs associated with running the production facility.
Work In Process
Products that are in the middle of the production process and are not yet completed; represents a component of inventory on the balance sheet.
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