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Days' Payable Outstanding
A financial metric that calculates the average number of days it takes a company to pay its invoices from trade creditors.
Accounts Payable
The amounts a business owes to its lenders or suppliers for transactions involving goods and services bought on credit.
Conversion Costs
The combined costs of direct labor and manufacturing overhead, required to transform raw materials into finished goods.
Work in Process Inventory
The value of goods in production but not yet completed, often considered an asset on the balance sheet.
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