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Management focuses on getting the most results out of people so that:
Raw Materials Account
An account used to track the cost of raw materials not yet used in production in a company's inventory.
Ending Balance
The amount of money remaining in an account at the conclusion of a time period, after all additions and subtractions have been accounted for.
Work in Process Account
An account used in the manufacturing process to track the costs associated with production that is not yet completed, including labor, materials, and overhead.
Ending Balance
The final amount in an account at the end of a period, after all additions and subtractions have been accounted for.
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