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Obsessions and compulsions:
Raw Materials Inventory
The total cost of all components and materials that are held by a company and intended for use in the production of goods.
Conversion Costs
Costs associated with converting raw materials into finished goods, typically including labor and overhead expenses.
Finished Goods
Goods that have finished the production process and are prepared for purchase by customers.
Capitalized
The process of recording an expenditure as an asset, rather than an expense, allowing it to be expensed over time through depreciation or amortization.
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