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Direct Materials Cost
The expense incurred for raw materials that are directly traceable to the production of specific goods or services.
Raw Materials Inventory
The total cost of all the parts and materials that are held in stock by a company and are used in the production process.
Cost of Goods Manufactured
The total cost incurred to produce products that were completed during a specific accounting period.
Raw Materials Inventory
The total cost of all the materials that are used in making a product that is still in stock and not yet processed.
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