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What does the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)require of employers?
Work in Process
Goods that are midway through the manufacturing process but are not fully finished.
Journal Entry
A record in accounting that represents a transaction, consisting of debits and credits, in the financial books.
Raw Materials Used
The initial ingredients or components that are consumed in the manufacturing process to create a finished product.
Journal Entry
A record of financial transactions in the accounting system, ensuring that all changes in financial statements are documented and explained.
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