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Cost of Goods Sold
The direct costs attributable to the production of goods sold by a company, including materials and labor.
Cost of Goods Manufactured
The total cost incurred by a company to produce goods in a specific period, including materials, labor, and overhead costs.
Accounting Records
Documentation and books that capture all financial transactions of a business, company, or individual, providing a basis for financial statements and audits.
Cost of Goods Available
The total cost of inventory available for sale, calculated as the beginning inventory plus the cost of goods manufactured or purchased.
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