Determine the missing amount for each of the following:
Definitions:
Cost of Goods Sold
Cost of goods sold (COGS) is the direct costs attributed to the production of the goods sold by a company, including material and labor costs.
Benefits of Budgeting
The advantages of planning and controlling an organization's or individual's finances, such as better decision-making and financial stability.
Budgeting Process
The procedure by which an organization estimates its future income and expenditures.
Safety Stock
An additional quantity of an item held in inventory to reduce the risk of stockouts due to uncertainties in demand or supply.
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