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What does it mean to say that experimental results are peer reviewed?
Product Costs
Costs directly attributable to the creation of a product, including direct labor, materials, and manufacturing overhead.
Period Costs
Costs that are expensed in the period in which they are incurred, rather than being capitalized or included in the cost of goods sold.
Raw Materials Inventory
The goods and materials that a company holds that are intended for use in the production process.
Raw Materials Purchased
The total cost of raw materials bought by a company for use in production during a specific time period.
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