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According to the oxygen-hemoglobin dissociation curve,
Work-In-Process Inventory
Items in production that are not yet completed, considered a current asset on a company's balance sheet.
Finished Goods Inventory
Products that have completed the manufacturing process and are ready to be sold to customers.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, such as utilities, maintenance, and factory management salaries.
Raw Materials Inventory
Raw materials inventory consists of the basic materials and components a company holds that will be used in the production process to create finished goods.
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