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As a moon in a very elliptical orbit moves closer to and then farther from a planet, gravity flexes the moon with tides, and friction heats the interior. This process is referred to as
Work in Process Inventory
Goods that are in various stages of the production process but are not yet completed products.
Raw Materials Inventory
The stock of basic materials and components required to manufacture products.
Finished Goods Inventory
Goods that are fully manufactured but have not been purchased or sent out to buyers.
Cost of Goods Manufactured
The total cost of producing goods during a specific period, including costs associated with materials, labor, and overhead.
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