Examlex
Match the following suffixes with their definition.
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Indirect Materials
Substances utilized during manufacturing that cannot be specifically associated with any single product, like machine lubricants.
Work in Process
Goods that are in various stages of the manufacturing process but are not yet completed, representing a component of a company's inventory.
Raw Materials Inventory
The stock of materials used in the manufacturing process before they are transformed into finished goods.
Manufacturing Costs
Expenses directly related to the production of goods, including direct labor, direct materials, and manufacturing overhead.
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