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.
A first-class lever. A first-class lever is a lever where the fulcrum is in between the effort and resistance (the load). Seesaws and crowbars are examples of first class levers. A second-class lever is where the resistance is between the effort and the fulcrum. Wheel barrows and wrenches are examples of second class levers.