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Cost of Goods Available
The total cost of inventory available for sale, calculated as the beginning inventory plus the cost of goods manufactured or purchased.
Overapplied Overhead
Occurs when the amount of overhead allocated to products exceeds the actual overhead incurred.
Cost of Goods Sold
The direct costs attributable to the production of the products sold by a company.
Finished Goods Inventory
The total value of goods that have completed the production process but have not yet been sold to customers.
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