This is not holding true after all. I had one crafting (that was #3) that registered, which made me think the ones being crafted are counting, and I had one (#4) queued for starting when #3 finished. I collected #3, and #4 had started already, but I still show only 3/4 on the Make counter.
And when I gave #3, that counter shows 2/4, so my #2 raisin bread is still missing, and I will have to spend another 4.5 hours to make it again.