Goods a company acquires to use in making products are called:
A) Finished goods inventory.
B) Work in process inventory.
C) Conversion costs.
D) Cost of goods sold.
E) Raw materials inventory.

Name: Goods a company acquires to use in making products are called: A) Finished goods inventory. B) Work in process inventory. C) Conversion costs. D) Cost of goods sold. E) Raw materials inventory.
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Question

Quizplus · Accepted Answer

Raw materials inventory refers to the goods a company acquires to use in making products.

Goods a Company Acquires to Use in Making Products Are