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General Ledger
The primary ledger, when used in conjunction with subsidiary ledgers, that contains all of the balance sheet and income statement accounts.
Direct Materials
Raw materials that can be directly traced to the production of a specific product or service.
Work in Process
The total value of materials and labor for products that are partially completed but not yet ready for sale.
Materials
Raw inputs or basic substances used in the manufacturing or production process to create finished goods.
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