Together with the Manufacturing Overhead account, the three-stage inventory system will be used to track the costs that must be allocated to each job or process, including:

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The three-stage inventory system, which includes the Manufacturing Overhead account, is used to track all costs allocated to each job or process, including direct materials, labor, and overheads. This comprehensive approach ensures accurate costing and pricing of finished goods.

Together with the Manufacturing Overhead Account, the Three-Stage Inventory System