Inventories, means assets where there is sales by type of business or daphuea is in the process of production, as finished goods for sale or are intended for use in the production or service provider.Inventories consist ofGoods held for sale.The finished item. Work, including the materials that are used in production.The cost of labor, which consists of the labor and other expense concerning personnel directly involved with providing services, including personnel and administrative and control costs associated with providing the service.
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