Examlex
What was IOWatch designed to do? How would it make money?
Finished Goods
Products that have completed the manufacturing process and are ready for sale.
Cost of Goods Sold
The immediate expenses linked to the creation of products that a company sells.
Accounts Payable
Liabilities owed by a business to creditors for goods and services purchased on credit.
Work in Process
Inventory that includes the cost of raw materials, labor, and manufacturing overhead for products that are in various stages of production but not yet complete.
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