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While books that are often held up as classics in the U.S.educational system-such as Mark Twain's Huckleberry Finn-are widely regarded as being universally applicable,writing by marginalized groups-such as Maya Angelou's I Know Why the Caged Bird Sings-is often considered:
Ending Inventory
The total value of goods available for sale at the end of an accounting period.
Manufacturing Costs
Manufacturing costs encompass all expenses directly involved in the production of a good, including raw materials, labor, and factory overhead.
Direct Materials
Raw materials that are traceable directly to the manufacturing of a product.
Absorption Costing
A method of cost accounting that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a unit of a product.
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