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Cost of Goods Manufactured
The total cost incurred by a company to produce goods within a specific period, including materials, labor, and overhead.
Raw Materials
Basic materials and substances used in the initial stages of the production process.
Purchased
A term referring to items or services acquired by a company or individual, typically in exchange for money.
Finished Goods Inventory
Represents products that have completed the manufacturing process but have not yet been sold to customers.
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