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Which of the following statements would NOT be a valid use of pro forma financial statements?
Indirect Materials
Indirect materials are supplies used in the production process but not directly traceable to individual goods or services.
Job Cost Sheets
Documents that track the direct materials, direct labor, and manufacturing overhead for a specific job in a manufacturing process.
Time Tickets
Documents used to record the amount of time an employee spends on various tasks, often used for payroll or job costing.
Direct Labor
The wages and related benefits of employees who are directly involved in the production of goods or services.
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