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The ear is
Work In Process
Inventory that includes goods that are in the production process but are not yet completed.
Schedule Of Cost Of Goods Manufactured
A schedule that contains three elements of product costs—direct materials, direct labor, and manufacturing overhead—and that summarizes the portions of those costs that remain in ending Work in Process inventory and that are transferred out of Work in Process into Finished Goods.
Direct Materials Cost
The cost of raw materials that are directly traceable to the production of a specific product or service.
Manufacturing Overhead
All manufacturing costs other than those accounted for as direct labor and direct materials. Includes indirect costs such as maintenance, utilities, and rent in the production process.
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