Question

What are purchased items or extracted materials that will be transformed into components or products called?
a) raw materials inventory
b) finished goods inventory
c) work-in-process inventory
d) in-transit inventory
e) MRO inventory

Answer 1

Answer:

Purchased items or extracted materials that will be transformed into components or products are called (A) Raw materials inventory

Explanation:

Raw materials inventory is the complete expense of all segment parts at present in stock, which is not in use, therefore, a continuous process or completed stock creation. There are two subcategories of crude materials, which are direct materials. These are materials fused into the last item.

Raw materials may at times be announced out of date, perhaps because they are never again utilized in organization items, or because they have debased while away, thus can never still be used