In a consignment scenario,when raw materials are consumed in the production process,the status of the materials is changed from warehouse stock to consignment.

Question

Quizplus · Accepted Answer

In a consignment scenario, the ownership of the materials remains with the consignor until they are sold, so the status of the materials would not change to consignment when they are consumed in production. They would remain as part of the consignor's inventory until sold to the customer.

In a Consignment Scenario,when Raw Materials Are Consumed in the Production