Examlex
What is a spondee word?
Work in Process
Inventory that includes materials that are in the process of being manufactured but are not yet completed products.
Raw Materials
Basic materials used in the production process, not yet converted into finished goods.
Work in Process Inventory
Inventory that includes all the materials, labor, and overhead costs for products that are in the production process but not yet complete.
Manufacturing
The process of producing goods through the combination of labor, machinery, tools, and chemical or biological processing or formulation.
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