Examlex
The AND function,implemented using switches,will mean switches connected in parallel.
Raw Materials
Basic materials used in the production process, not yet converted into finished goods.
Work in Process Inventory
Inventory that includes all the materials, labor, and overhead costs for products that are in the production process but not yet complete.
Manufacturing
The process of producing goods through the combination of labor, machinery, tools, and chemical or biological processing or formulation.
Raw Materials Inventory
The total cost of all components and materials that are held by a company and intended for use in the production of goods.
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