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The correct shape for the triangle labeled "Supplier" in the flowchart below should be a
Raw Materials
Basic materials that are used in the production process to manufacture goods, often transformed into final products or component parts.
Production
The process of creating goods and services, involving both the conversion of raw materials into finished products and the creation of value.
Year Ended
The conclusion of a 12-month accounting period, at which financial statements are prepared to summarize the year's transactions.
Direct Materials Used
The cost of raw materials that are directly involved in the production of goods.
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