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

Question

Quizplus · Accepted Answer

The steel that has been purchased but not put into production would be classified as direct materials inventory, as it is a raw material that will be used in the production of the steel railings.

A Company Has Purchased Some Steel to Use in the Production