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What are personal analogies?
Cost of Goods Sold
The direct costs attributable to the production of goods sold in a company, including materials and labor.
Merchandise Inventory
The total value of all merchandise that a retailer, wholesaler, or distributor has on hand that is available for sale.
Cash Balance
The amount of cash held by a company at a given moment, reflecting its immediate liquidity.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company; this amount includes the cost of the materials and labor directly used to create the product.
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