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How does this work reflect Minoan culture?
Direct Materials Inventory
Raw materials that are directly used in the production process and can be easily traced to the finished product.
Finished Goods Inventory
The stock of completed products that are ready to be sold but are still in inventory.
Cost of Goods Sold
Expenses directly related to manufacturing goods that a firm sells.
Finished Goods
Merchandise that has been through the manufacturing phase and is now ready for customer purchase.
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