When materials are put into production, they are taken from the Raw Materials Inventory account and put into the Work-in-Process Inventory account.

Name: When materials are put into production, they are taken from the Raw Materials Inventory account and put into the Work-in-Process Inventory account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. Raw materials are used to produce goods, so when they are used in production, they are moved from the Raw Materials Inventory account to the Work-in-Process Inventory account.

When Materials Are Put into Production, They Are Taken from the Raw