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If you hold a light tissue in your hands and gently blow across its top, the tissue will rise slightly because
Work in Process Inventory
Goods that are in the production process but not yet completed.
Manufacturing Costs
Expenses directly tied to the production of goods, including labor, materials, and manufacturing overhead.
Cost of Goods Manufactured
The total production cost of goods completed and moved to finished goods inventory within a specific period, including materials, labor, and overhead.
Factory Overhead
The indirect manufacturing costs that are not directly tied to the production of goods, such as maintenance, utilities, and salaries for support staff.
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