Asked by Olivia Anne Samonte on May 21, 2024
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Raw materials inventories are the goods that a manufacturer has completed and are ready to be sold to customers.
Raw Materials Inventories
Represents the stock of basic inputs that have not yet been used in the manufacturing process.
Manufacturer
A business or company engaged in the production of goods for sale, using labor, machines, tools, and chemical or biological processing or formulation.
Ready To Be Sold
A status indicating that products have completed the manufacturing process and are available for sale.
- Identify the categories of inventory for a manufacturing business.
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Learning Objectives
- Identify the categories of inventory for a manufacturing business.
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