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The latent image is:
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not been yet.
Cost of Goods Manufactured
The total cost incurred by a company to produce goods within a specific time period, including labor, material, and overhead costs.
Manufacturing Overhead
Indirect costs associated with manufacturing, not directly traceable to a specific product, such as factory rent or maintenance.
Job-Order Costing
A cost accounting system used to accumulate costs of production by job rather than by process, suitable for companies producing individual, custom orders.
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