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Electric field lines always point
Conversion Costs
Expenses incurred when transforming raw materials into finished goods, typically including labor and overhead costs.
Direct Materials
Costs of raw materials that are directly involved in the manufacturing of a product and can be easily traced to it.
Finished Goods Inventory
The inventory of finished goods available for purchase but still not sold.
Cost of Goods Sold
Expenses directly linked to the manufacturing of a company's sold goods, comprising both material and workforce costs.
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