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Raw Materials Inventory
The total cost of all components and materials held by a company that are intended to be used in the production process.
Budgeted Cost
An estimate of the financial expenditure for a particular operation, project, or production process over a set period.
Raw Materials
Basic substances or components that are processed or transformed into a finished product.
Credit Sales
Sales made by a business where the payment is deferred to a later date, typically involving issuing an invoice to the customer.
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