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Goods Sold
Represents the total quantity of goods that have been sold to customers during a specific accounting period.
Cost Accounting Systems
Systems that measure, record, and report product costs.
Product Costs
The expenses directly associated with creating a product, including materials, labor, and manufacturing overhead.
Job Order Cost System
A type of cost accounting system that provides for a separate record of the cost of each particular quantity of product that passes through the factory.
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