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Activity on Earth's surface has erased all traces of ancient meteorite impacts,such as those still visible on the moon.
Product Costs
The costs directly incurred in the production of goods, including materials, labor, and manufacturing overhead.
Goods Manufactured
The total value of all finished goods that were produced by a company during a specific period.
Goods Sold
Refers to the total quantity of goods that have been sold during a particular period, often used interchangeably with the term 'cost of goods sold' which represents the direct costs attributable to the production of the sold goods.
Indirect Materials
Materials used in the production process but cannot be directly traced to the final product; often considered part of manufacturing overhead.
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