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Inventoriable Costs
Costs associated with obtaining or manufacturing products intended for sale, including materials, labor, and certain overhead expenses.
Cost of Goods Sold
The direct costs attributable to the production of goods sold by a company, including materials, labor, and overhead.
Sales Revenue
The total amount earned from the sale of goods or services before deducting any expenses, discounts, and returns.
Period Cost
Costs that are expensed in the period they are incurred, not directly tied to the production process and include expenses such as rent, utilities, and administrative salaries.
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