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Accounts Receivable
The money owed to a company by its customers for products or services that have been delivered but not yet paid for.
Work in Process
Goods in various stages of completion throughout the production process, not yet ready for sale.
Finished Goods
Items that are finished with production and available for purchase by consumers.
Work in Process
Work in process (WIP) refers to partially finished goods that are still undergoing manufacturing processes but are not yet complete products.
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