Examlex
Provide a definition of a control block.
Work in Process
Inventory that is in the production process but is not yet completed or ready for sale.
Finished Goods
Merchandise that has undergone the entire manufacturing process and is prepared for sale to buyers.
Direct Labor
The labor costs of workers who are directly involved in the production of goods or services.
Indirect Labor
Labor costs not directly tied to the production of goods or services, such as maintenance staff and supervisors.
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