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Why were computers originally installed on vehicles?
Work in Process
Inventory that includes partially completed goods that are in the process of being manufactured but are not yet finished products.
Finished Goods
Products that have completed the manufacturing process and are ready for sale.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.
Machine-hours
A measure of the amount of time machines are operated, used in allocating overhead costs.
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