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The final step in the research process is to:
Cost Of Goods Sold
represents the direct costs attributable to the production of the goods sold by a company, including material, labor, and manufacturing overhead costs.
Master Budget
The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets relating to sales, costs, operations, and capital.
Product
Any item or service offered to the market for consumption, use, or acquisition.
Merchandise Inventory
Goods that a company holds for the purpose of selling to customers in the ordinary course of business.
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