____ Become(s) a Part of the Physical Product and Consist(s)

question 196

Multiple Choice

____ become(s) a part of the physical product and consist(s) of either finished items ready for assembly or products that need little processing before assembly.

• A) Process materials
• B) Supplies
• C) Accessory equipment
• D) Component parts
• E) Major equipment

---

Definitions:

Inventory Purchases

The total amount of goods a company buys for the purpose of reselling them during a particular period, often used to replenish stock levels.

Merchandise

Goods that are bought, sold, or traded, often in the context of retail commerce.

Credit Sales

Sales made by a business where the payment is received after the service or product has been delivered.

Cash Collections

The process of gathering all actual cash received by a company from its various sources, including sales, loans, investments, and other incomes.