Finished goods: Product ready for sale with raw material, manufacturing labor, and overhead costs included
- Raw material examples: Wood, steel, parts, stuffing, cloth, oil, and plastic
- Manufacturing labor examples: Machine operators
- Overhead costs: Electricity and water to power machines
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One of your top priorities as a small business owner is keeping a close eye on the money you bring in and pay out, which is why it’s critical to have the right accounting software. You need a program that helps you accomplish your daily accounting tasks. Here are our best picks for tools we recommend and use.