Purchased items that are used in manufactured products or services are?

Question

Quizplus · Accepted Answer

Raw materials are the items that are used in the production of manufactured products or services, such as wood for furniture or metal for machinery. MRO supplies are maintenance, repair, and operating supplies, which are not used in the actual manufacture of products but are needed to maintain the equipment used in production. Work-in-process refers to products that are in the process of being manufactured but are not yet finished. Finished goods are products that are ready to be sold to customers.

Purchased Items That Are Used in Manufactured Products or Services