In a job order cost accounting system the Raw Materials Inventory account is
A) an expense.
B) a control account.
C) not used.
D) a period cost.

Question

Quizplus · Accepted Answer

In job order cost accounting system, raw materials are considered as a part of the cost of the job, and are recorded in Raw Materials Inventory account as a control account. This account is not treated as an expense, nor is it a period cost.

In a Job Order Cost Accounting System the Raw Materials