When materials are put into production, they are taken from the Raw Materials account and put into the Work in Process account.

Question

Quizplus · Accepted Answer

This statement is true. Raw materials are the basic materials that are used in the manufacturing process to create products. When these materials are put into production, they are transferred from the Raw Materials account to the Work in Process account. The Work in Process account tracks the costs associated with manufacturing a product, including the raw materials, labor, and overhead costs.

When Materials Are Put into Production, They Are Taken from the Raw