Examlex
In the context of values:
Immediate Recognition
The accounting practice of recording revenues or expenses as soon as they are incurred, without deferral.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including material and labor costs.
Cost of Goods Manufactured
The total production cost of goods completed during a specific accounting period, including raw materials, labor, and overhead.
Finished Goods
Products that have completed the manufacturing process and are ready for sale to customers.
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