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Perform the indicated operations. Simplify the result, if possible.
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Finished Goods
Products that have completed the manufacturing process but have not yet been sold or distributed to customers.
Raw Material Costs
The expenses associated with the acquisition of raw materials used in the production of goods.
Labor Costs
The total sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes incurred by an employer.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including but not limited to utilities, maintenance, and salaries of supervisory personnel.
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