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Laboratory experiments are designed so as to:
Work in Process Inventory
The value of goods in various stages of production in a manufacturing company, not yet completed.
Work in Process
Inventory representing partially completed goods that are still in the process of production.
Direct Labor Costs
Expenses related to employees who are directly involved in the production of goods or services, such as wages for assembly line workers.
Direct Materials
Basic substances that can be directly linked to the production process of a product.
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