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Figure 18.2
Using the figure above, identify the labeled structure(s) in each of the following questions.
-Identify the structure(s) indicated by Label T.
Raw Materials Inventory
Items and components stored by a company that will be used in the production or manufacturing process to create finished goods.
Making Products
Turning raw materials, components, or parts into completed products that fulfill a customer's demands or specifications is the process involved.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including cost of materials and labor.
Finished Goods
Items that are fully manufactured but remain unsold to consumers.
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