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Apply the distributive property. Simplify when possible.
August
The month that falls eighth in the sequence of the Gregorian calendar year.
Total Cost
The complete cost of producing or acquiring goods, including variable and fixed costs.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated before any year-end adjustments.
Raw Material Purchases
The total cost incurred for buying materials that are used in the manufacturing process of goods.
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