[Solved] Close to 100% of people report having masturbated while viewing erotic images. Work in Process Inventory: Work in process inventory consists of goods partially completed, not yet ready for sale, representing the cost of raw materials, labor, and overhead involved in production. Direct Materials: Raw materials that can be directly attributed to the production of goods. Direct Labor: The wages and related expenses for employees who are directly involved in the production of goods or services. Overhead Cost: Rephrased: Expenditures related to the business's general operations, not directly linked to any specific product or service.