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The key universal characteristic of telework is that the employees work in their own homes.
Cost of Goods Sold
Costs incurred directly from the production of goods a company offers for sale, covering material and labor expenses.
Work in Process Inventory
Goods partially completed during the manufacturing process, consisting of labor, raw materials, and overhead costs incurred to date.
Finished Goods Inventory
The collection of products that have been completed and are available for sale, yet remain unpurchased.
Operating Expenses
Costs that are necessary for the day-to-day functioning of a business, excluding direct material and direct labor costs.
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