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You are "living off the grid",meaning that you are not using any public utilities---no water supply,no sewer connection,no natural gas or electricity.You do have a septic tank,whose pipe carries sewage out into the back yard.There is also a small pond out there that you have stocked with fish.However,you notice that the fish are floating dead in the water,and the pond seems to have a green scum on it.What has happened?
Beginning Inventory
The value of the total goods available for sale at the start of an accounting period.
Ending Inventory
The worth of products ready for purchase at the conclusion of a financial period, determined by adding the initial inventory to acquisitions and subtracting the cost of goods sold.
Production Planning
The process of outlining the steps necessary for the efficient production of goods, including scheduling, materials procurement, and capacity planning.
Raw Materials Production Needs
The quantity and type of raw materials required to meet production targets and schedules.
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