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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Verified Answer

AL
Avishai LoweryMay 25, 2024
Final Answer :
False
Explanation :
Raw materials inventories are the materials and components that a manufacturer has acquired but have not yet been processed into finished goods. They are typically used in production processes to create the finished products that will eventually be sold to customers.