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The NCCLS has recommended that a red-topped "waste" tube be drawn before a light blue-topped Vacutainer tube, because thromboplastin released from cells during the venipuncture can interfere with coagulation tests.
Work In Process Inventory
The value of partially completed goods or products that are in the process of being manufactured.
Perpetual Inventory System
The inventory system in which each purchase and sale of merchandise is recorded in the inventory account and related subsidiary ledger; therefore, the inventory records are updated continuously.
Conversion Cost
The combined cost of direct labor and manufacturing overheads which are incurred to convert raw materials into finished goods.
Direct Materials
Initial materials specifically allocated for the making of certain goods or provision of services.
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