The ________ substantiates the total of the raw materials inventory account shown on the company's balance sheet.

Question

Quizplus · Accepted Answer

Raw materials records maintain a detailed record of all incoming and outgoing raw materials, which can be used to substantiate the total of the raw materials inventory account shown on the company's balance sheet. The bill of materials is a document outlining the materials needed for a specific production order, while the materials requisition is a form used to request the necessary raw materials for a particular job. Labor time record tracks the amount of time employees spend working on specific tasks or projects.

The ________ Substantiates the Total of the Raw Materials Inventory