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Newton's reasoning underlying his empirical work:
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor costs.
Raw Materials
Basic materials that are used in the production process to manufacture goods and products.
Manufacturing Costs
The total expenses involved in making a product, including materials, labor, and overhead costs.
Lot Ticket
A document prepared to show the movement of materials or products between departments. Also called move ticket.
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