Examlex
In negotiating with the Big Four over many postwar territorial issues, President Wilson:
Cost of Goods Manufactured
The total cost incurred to produce products that were completed during a specific accounting period.
Raw Materials Inventory
The total cost of all the materials that are used in making a product that is still in stock and not yet processed.
Direct Materials
Raw materials that are directly traceable to the production of a product and are a part of the final product.
Total Manufacturing Cost
The aggregate sum of all costs directly involved in the production of goods, including raw materials, labor, and manufacturing overhead.
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