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Finished Goods
Items that have completed the manufacturing process but have not yet been sold or distributed to end-users.
Materials Ledger
A record keeping system that tracks the quantities and costs of raw materials used and on hand in the manufacturing process.
General Ledger
A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.
Receiving Report
A document usually prepared by the receiving department detailing the goods received by a business, which is then used to verify invoices before payment.
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