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Raw Materials Inventory
The stock of unprocessed inputs kept on hand by a manufacturing company for use in production.
Purchases
The acquisition of goods or services by a company in exchange for money, which are either used in the process of production or sold to customers.
Total Direct Materials
The sum cost of all raw materials that are directly traceable to the manufacturing of a product.
Raw Materials Used
The total value of all raw materials employed in the manufacturing process to produce finished goods during a specific accounting period.
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