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17 November, 13:04

Inventory items on an assembly line in various stages of production are classified as

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  1. 17 November, 13:15
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    Work in Progress

    Explanation:

    Work in progress represents item of production which are still in the process of production either at the beginning or at the end of an accounting period.

    They represent the worth of raw material and conversion cost which are at some production stages prior to completion. They are yet to be at the finished state.
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