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Figure 1.2
Using the figure above, identify the labeled part.
-Label N: ______________________________
Work In Process
Inventory that includes goods partially completed; represents raw materials, labor, and overhead costs incurred in the manufacturing process.
Production Departments
Divisions within a manufacturing company responsible for different stages of the production process.
Direct Materials
Raw materials that can be directly traced to the production of a specific good or service in manufacturing or production.
Factory Overhead
Factory overhead refers to the indirect manufacturing costs not directly tied to the production of goods, such as utilities or management salaries.
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