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Direct Materials
Costs of raw materials that are directly used in the manufacturing of a product and can be directly attributed to the goods being produced.
Direct Labor
The direct costs associated with workforce expenses related to manufacturing products or delivering services.
Raw Materials Inventory
The total cost of all the materials not yet used in production but kept in stock, essential for manufacturing companies to manage production and supply chain efficiently.
Days' Sales
A financial ratio that indicates the average time in days that a company takes to sell its inventory, often referred to as days' sales in inventory or inventory turnover days.
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