Examlex
Match each term with the correct statement below.
-A little application
Cost of Goods Manufactured
The total cost incurred by a company to produce goods in a specific period, including materials, labor, and overhead.
Inventory
The raw materials, work-in-progress (WIP), and finished goods that a company holds for the purpose of sale in the ordinary course of business.
Production Budget
A plan showing the number of units that must be produced within a specific period to meet both sales demand and inventory requirements.
Units
The basic quantity or measure of a product or service, often used as a basis for pricing or measurement.
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