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Raw Materials Inventory
Goods or materials a company holds that are to be used in the production process to manufacture finished products.
Units Purchased
The quantity of goods a company buys during a specific period for resale or production purposes.
Work in Process Inventory
The value of unfinished goods in the production process at a specific point in time.
Direct Materials
Raw materials that can be directly traced to the production process of a product and are considered a part of the finished product.
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