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The DIFFERENCE operator subtracts one table from the other.
Direct Materials
The raw materials that are directly traceable and a necessary part of a finished product.
Indirect Materials
Materials used in the production process that are not directly traceable to a finished product, such as lubricants for machinery.
Work in Process Inventory
The inventory account that tracks the costs associated with incomplete products in a manufacturing process.
Customized Production
The process of manufacturing products tailored to individual specifications or customer requirements.
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