Cost of Raw Materials Increases Raw Materials Inventory When the

question 98

Multiple Choice

Cost of raw materials increases Raw Materials Inventory when the

• A)materials are ordered.
• B)materials are received.
• C)materials are put into production.
• D)bill for the materials is paid.

---

Definitions:

Client-Visits

The act of meeting with clients in-person or virtually to discuss services, products, or business progress.

Personnel Expenses

Costs incurred by a business related to the compensation of its employees, including wages, benefits, and taxes.

Planning Budget

An estimated financial plan used primarily for strategic and operational planning within an organization.

Units

Basic quantities or entities used as a standard of measurement for inventory, production, or other business processes.