Examlex
An individual would purchase ______ insurance to protect his or her business from tort liability to third parties.
Factory Supplies Inventory
Items stored by a manufacturing company that are necessary for the maintenance of machinery and the manufacturing process but are not part of the finished goods.
Work-In-Process
Work-in-process (WIP) refers to partially finished goods that are still in the production process at a manufacturing company's inventory.
Payroll
The total amount of wages, salaries, and other earnings paid to employees by a company.
Finished Goods Inventory
The inventory of finished goods available for sale but which remain unsold.
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