Raw materials used in production represent a(n) (increase/decrease) in the Raw Materials Inventory account and represent a(n) (increase/decrease) in the Work in Process Inventory account.

An increase in the Raw Materials Inventory account represents a (purchase/use) of raw materials, while a decrease in the Raw Materials Inventory account represents a (purchase/use) of raw materials.

Manufacturing company converts raw materials and purchased parts into work in process inventory.

The inventory account applicable to product ingredients ready for the production process is known as:Multiple choice question.Raw materials inventoryManufacturing overheadWork in process inventoryFinished goods inventory

All of the following are inventory accounts for a manufacturer except:Multiple choice question.raw materials inventorywork in process inventoryindirect materials inventoryfinished goods inventory

Materials a company acquires to use in making products are called:Multiple ChoiceFinished goods inventory.Work in process inventory.Conversion costs.Cost of goods sold.Raw materials inventory.