Goods a company acquires to use in making products are called:

Select one:
a. Cost of goods sold.
b. Raw materials inventory.
c. Finished goods inventory.
d. Work in Process inventory.
e. Conversion costs.

The raw material is the part of the product. In the work in process, the products parts are in process to combine all the parts of the products. And, in the finished goods cycle, after processing the product, the product is finished and then the product is ready to sale.

The costs of goods sold and the conversion cost are the cost which are related to the product

Goods a company acquires to use in making products are called: Select one: a. Cost of goods sold. b. Raw materials inventory. c. Finished goods inventory. d. Work in Process inventory. e. Conversion costs.

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Goods a company acquires to use in making products are called:

Select one:
a. Cost of goods sold.
b. Raw materials inventory.
c. Finished goods inventory.
d. Work in Process inventory.
e. Conversion costs.