Which of the Following Applies to the Raw Materials Used

question 17

Multiple Choice

Which of the following applies to the raw materials used by a manufacturing company?

• A) Materials inventory
• B) Work in process inventory
• C) Merchandise inventory
• D) Finished goods inventory

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Definitions:

Cost Accounting System

A system of accounting for recording, classifying, allocating, summarizing, and analyzing various alternative courses of action for controlling costs.