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Cost Of Goods Sold
The direct costs related to the production of the goods sold by a company, including materials and labor.
Direct Materials
Costs of raw materials that are directly used in the production of a product, easily traceable to the product being manufactured.
Direct Labor
The labor costs directly associated with the production of goods or services, including wages of workers directly involved in production.
Manufacturing Overhead
All manufacturing costs that are not directly related to the production of a product, including indirect materials, labor, and other expenses.
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