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At the beginning of the meeting,the project manager should review prior meeting action items.
Finished Goods Inventory
Products that are completed and ready for sale but have not yet been sold.
Cost of Goods Manufactured
This represents the total production cost of goods that are finished and available for sale during a specific accounting period, including materials, labor, and overhead.
Work in Process
Goods that are in the production process but are not yet finished, representing partially completed products.
Finished Goods
Items that have finished the production process and are available for purchase.
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