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Somatostatin is
Work in Process
Goods that are in the production process but are not yet finished, representing partially completed products.
Finished Goods
Items that have finished the production process and are available for purchase.
Overhead Applied
The allocation of overhead costs to specific jobs or cost objects based on a predetermined overhead rate, helping in accurately costing products or services.
Work in Process
Inventory that includes the raw materials, labor, and overhead costs for products that are in the production process but not yet complete.
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