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Product Cost
The expenses directly related to manufacturing the products a company sells, such as materials, labor, and overhead costs.
Work In Process
Inventory items that are in the process of being manufactured but are not yet complete; it's part of the inventory that is in-between raw materials and finished goods.
Subsidiary Ledger
A detailed ledger that contains the individual accounts needed to support a specific general ledger account.
Job Cost Sheets
Detailed records that document the costs associated with a specific job or project, including materials, labor, and overhead.
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