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Savings deposits are included in
Work In Process Inventory
Items that are in the production process but have not yet been completed or transformed into finished goods.
Direct Labor Cost
The total cost of work performed by employees directly involved in the manufacturing process.
Process Costing System
An accounting method used for mass production of similar products, allocating production costs to products based on the process they go through.
Work In Process Inventory
Goods partially manufactured but not yet completed, representing an interim step in the production process.
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