A Company Has Purchased Some Steel to Use in the Production

question 121

Multiple Choice

A company has purchased some steel to use in the production of steel railings.If this steel has NOT been put into production,how would it be classified?

• A)direct materials inventory
• B)factory supplies
• C)work-in-process inventory
• D)finished goods inventory

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Definitions:

Multicultural America

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MPAA Rating

A classification system used in the United States by the Motion Picture Association of America to provide movie viewers with guidance on the suitability of films based on their content.

PG-13

A film rating by the Motion Picture Association indicating that some material may be inappropriate for children under 13.