Examlex
Whenever possible in business writing, substitute longer, less familiar words for shorter, simpler words.
Factory Wages Payable
Amounts owed to factory workers for labor that has been performed but not yet paid.
Work in Process Inventory
Goods that are in various stages of the production process but are not yet completed.
Raw Materials Inventory
The total value of raw materials currently held by a company, which are to be used in manufacturing or production processes.
Labor Costs
The total sum of all wages, benefits, and taxes that a business must pay for its employees, often a significant component of production expenses.
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