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Factory Overhead
The indirect costs associated with manufacturing, including utilities, maintenance, and management salaries, but not including raw materials or direct labor.
Work in Process
Inventory that includes materials that have been partially processed but are not yet finished goods in the manufacturing process.
Finished Goods
Products that have completed the manufacturing process but have not yet been sold to customers.
Finished Goods Account
An account representing the total value of all completed products available for sale at the end of an accounting period.
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