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Raw Material
Basic substances in their natural, modified, or semi-processed state used as inputs to a production process for manufacturing goods.
Beginning Inventory
The value of all inventory held by a company at the start of an accounting period, which includes raw materials, work-in-progress, and finished goods.
Merchandise Purchases
The acquisition of goods that a company intends to sell in its normal course of business; this includes goods bought for resale.
Cost Of Goods
The total direct costs attributable to the production of the goods sold by a company.
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