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Manufacturing Overhead
All indirect costs associated with the production process, such as utilities, depreciation, and maintenance of equipment.
Work in Process
Inventory consisting of all materials, labor, and overhead expenses associated with products that are currently being manufactured but are not yet finished.
Cost of Goods Manufactured
The total production cost of goods completed during a specific period.
Work in Process Inventory
The value of unfinished goods in the manufacturing process, including materials, labor, and overhead costs accrued.
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