At the end of the period, the balance in the Materials account should represent

Question

Quizplus · Accepted Answer

At the end of the period, the balance in the Materials account should represent the cost of materials on hand. Materials purchased increase the Materials account while materials that have been issued into production, which would be included in Work in Process, Finished Goods and Cost of Goods Sold, would have decreased the Materials account.

At the End of the Period, the Balance in the Materials