Manufacturing Inventory: It is the inventory held for manufacturing and selling of goods. Based on the value addition or stage of completion, the manufacturing inventories are further classified into 3 types of inventory â Raw Material, Work-In-Progress and Finished Goods. Another type is MRO inventories which are to support the whole manufacturing and administrating operation.
Principle of the Lever. It has been found by experiment that two equal forces acting in opposite directions, i.e., clockwise and counterclockwise, and applied to a uniform lever at equal distances from the fulcrum counteract each other and establish a state of equilibriumequilibrium, state of balance.
By applying the principle of the compound lever, a person could use the weight of one hand to balance a load weighing a ton. Law of Equilibrium A lever is in equilibrium when the effort and the load balance each other; that is, the sum of the torques (force times lever arm) equals zero.