At the end of the accounting period, the balance in the Raw Materials inventory account reflects the cost of materials:

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Quizplus · Accepted Answer

The balance in the Raw Materials inventory account at the end of the accounting period reflects the cost of materials that are on hand and available for use but have not yet been issued to production. Materials that have been issued would be reflected in the Work in Process inventory account, while materials purchased during the period would increase the Raw Materials inventory account balance, but it would not represent the total amount of materials at the end of the period. The cost of materials assigned to manufacturing overhead would not be reflected in the Raw Materials inventory account.

At the End of the Accounting Period, the Balance in the Raw