A perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory, is called a(n):
A) Materials ledger card.
B) Purchase order.
C) Materials voucher.
D) Materials requisition.
E) Purchase ledger.

Question

Quizplus · Accepted Answer

A materials ledger card is specifically designed to record data related to raw materials inventory, including the quantity and cost of units purchased, units issued for use in production, and units remaining in inventory. The other options (purchase order, materials voucher, materials requisition, and purchase ledger) are not designed for this specific purpose.

A Perpetual Record of a Raw Materials Item That Records