Examlex
Evaluate without using a calculator by using ratios in a reference triangle.
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Finished Goods
A rephrased definition: Products that have completed the manufacturing process and are ready to be sold but are still in the company's inventory.
Raw Materials Inventory
The stock of materials before they are processed or used in the production of goods, part of a company's inventory of goods.
Indirect Materials
Indirect materials are supplies used in the production process that, unlike direct materials, are not part of the finished product, such as lubricants and cleaning supplies.
Direct Materials
Raw materials that are directly traceable to the production of specific goods or services and are considered variable costs.
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