Procter & Gamble buys unprocessed logs,which are handled as little as needed to move them to its plant.Eventually,they become part of P&G's disposable diapers and are considered an expense item on P&G's income statement.For P&G,logs are
A)farm products.
B)supplies.
C)component parts.
D)component materials.
E)raw materials.

Question

Quizplus · Accepted Answer

Raw materials are unprocessed expense items such as logs,iron ore,and wheat that are moved to the next production process with little handling.

Procter & Gamble Buys Unprocessed Logs,which Are Handled as Little