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Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.
Units Produced
denotes the total quantity of completed goods made during a specific period.
Opening Inventory
The inventory that a business has on hand at the start of an accounting period, consisting of products and materials.
Production Budget
An estimate of the total cost of production, including detailed allocations for raw materials, labor, and overhead expenses.
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