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The Declaration of Independence did NOT
Factory Labor Costs
Expenses associated with employing labor in a manufacturing setting, including wages, salaries, and benefits.
Manufacturing Overhead
All manufacturing costs other than direct labor and direct materials that are involved in the creation of a product.
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.
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