Materials that are purchased from an external source a vendor)and used in the production process are known as ______________
A)Finished Goods FERT)
B)Semi-finished Goods HALB)
C)Trading Goods HAWA)
D)Raw Materials
E)None of the above

Question

Quizplus · Accepted Answer

Raw materials are the materials purchased from external vendors and are used in the production process. Finished goods are the end product produced by using raw materials, semi-finished goods are the products that are partly completed and require further processing, and trading goods are the goods which are bought and sold by the company for profit.

Materials That Are Purchased from an External Source a Vendor)and