What are purchased items or extracted materials that will be transformed into components or products called?a.work-in-process inventoryb.distribution inventoryc.raw materials inventoryd.MRO inventorye.finished 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.

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

What is inventory?Raw materials, finished goods and work-in-progress available for sale Services rendered to customers

Companies that produce the inventory they sell are referred to as

The series of processes by which needed components are obtained, delivered, modified, shipped and received at a customer or client location is known as …..Select one:a.Manufacturingb.Productionc.Supply Chaind.None of these