Cost of raw materials increases Raw Materials Inventory when the
A)materials are ordered.
B)materials are received.
C)materials are put into production.
D)bill for the materials is paid.

Question

Quizplus · Accepted Answer

The cost of raw materials is recorded in the Raw Materials Inventory account when the materials are received, as this is when the company takes ownership and control of the materials.

Cost of Raw Materials Increases Raw Materials Inventory When the