The inventories used in a process costing system include work-in-process and finished goods,but not raw materials.

Name: The inventories used in a process costing system include work-in-process and finished goods,but not raw materials.
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The inventories used in a process costing system include work-in-process, finished goods, and raw materials. Raw materials inventory represents the cost of materials that have been purchased but have not yet been used in the production process.

The Inventories Used in a Process Costing System Include Work-In-Process