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Why are performance appraisals useful? What are the drawbacks?
Finished Goods Inventory
Unsold inventory of products that are ready for the market.
Raw Materials Inventory
The total cost of all components and materials held by a company that are intended to be used in the production process.
Budgeted Cost
An estimate of the financial expenditure for a particular operation, project, or production process over a set period.
Raw Materials
Basic substances or components that are processed or transformed into a finished product.
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