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Beginning Inventory
The value of inventory on hand at the start of an accounting period, consisting of raw materials, work-in-process, and finished goods.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as the sum of beginning inventory plus purchases minus cost of goods sold.
Raw Materials Production Needs
The essentials and quantities of raw materials required to fulfill the production schedule for goods.
Raw Material Purchases
The total cost of materials bought that are intended to be used in the production of goods.
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