For a manufacturer,the cost of all materials purchases and on hand to be used in the manufacturing process is:
A)Merchandise Inventory.
B)Finished Goods.
C)Work in Process.
D)Raw Materials.

Name: For a manufacturer,the cost of all materials purchases and on hand to be used in the manufacturing process is: A)Merchandise Inventory. B)Finished Goods. C)Work in Process. D)Raw Materials.
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Question

Quizplus · Accepted Answer

The cost of all materials purchases and on hand to be used in the manufacturing process is known as Raw Materials.

For a Manufacturer,the Cost of All Materials Purchases and on Hand