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Indirect Materials
Indirect materials are materials used in the production process that do not directly become part of the final product and are not easily traceable to specific products or units produced.
Manufacturing Overhead
All manufacturing costs that are not direct materials or direct labor, such as maintenance, utilities, and depreciation on manufacturing equipment.
Work in Process
Goods that are in various stages of the production process but are not yet completed.
Work in Process
Inventory items that are in the process of being produced but are not yet completed.
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