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Two computer stores recorded the number of computers sold in a week along with the sizes of their hard drives. At , test the claim that the distribution of hard drives and the store where the computers were bought are not related.
Product Costs
The costs directly incurred in the production of goods, including materials, labor, and manufacturing overhead.
Goods Manufactured
The total value of all finished goods that were produced by a company during a specific period.
Goods Sold
Refers to the total quantity of goods that have been sold during a particular period, often used interchangeably with the term 'cost of goods sold' which represents the direct costs attributable to the production of the sold goods.
Indirect Materials
Materials used in the production process but cannot be directly traced to the final product; often considered part of manufacturing overhead.
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