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Assigning Manufacturing Costs
The process of allocating direct and indirect costs to the production of goods.
Purchases Account
An account used in accounting to record the total cost of goods purchased during a specific period, including both cash and credit purchases.
Raw Materials
The basic materials from which a product is made, used in manufacturing processes.
Raw Materials
Basic materials that are used in the production process to manufacture goods, including commodities or components, before they are processed.
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