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Every summer Susie goes to the seashore, where she collects .
Raw Material
Basic, unprocessed materials used in the manufacturing process to produce finished goods.
Work in Process
An inventory account that tracks the cost of products that are in production but not yet completed.
Direct Labor
The wages and benefits for employees directly involved in manufacturing a product.
Fixed Overhead
The portion of overhead costs that remains constant regardless of the level of production or business activity, such as rent, salaries, and insurance.
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