Lubricants for production equipment which are not parts of the final products are called:
A) Raw materials
B) Work-in-process
C) Maintenance, repair and operating supplies
D) Finished goods
E) Cycle stock

Question

Quizplus · Accepted Answer

Maintenance, repair and operating supplies (MRO) are the items and materials used in the production process but are not part of the final product. Lubricants used for maintenance and repair of production equipment fall under this category. Raw materials are transformed into finished goods, work-in-process refers to partially completed products, finished goods are the completed products ready for sale, and cycle stock refers to inventory held to meet regular demand fluctuations.

Lubricants for Production Equipment Which Are Not Parts of the Final