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inventory: materials

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A part of a manufacturer’s inventory that includes direct and indirect materials. Also referred to as stores.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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