Match the Following Terms with the Proper Description

question 6

Short Answer

Match the following terms with the proper description.

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Definitions:

Finished Goods

Inventory items that are completed and ready for sale.

Raw Materials

The basic materials and substances used in the initial stages of production.

Schedule of Cost

A detailed report listing all costs associated with a project, including direct, indirect, fixed, and variable costs.

Manufactured

Refers to items that have been produced or constructed from raw materials in a factory setting.