Examlex
What can and should you as an employee do about unethical behavior?
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are considered variable costs.
Cost Of Goods Manufactured
The total production cost of goods completed during a specific period.
Work In Process Inventory
Inventory that consists of items in the production process but not yet completed, considered a current asset on the balance sheet.
Process Cost Summary
A report detailing the costs associated with each stage of the production process, summarizing the total expense of converting raw materials into finished products.
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