Any purchased materials that will go into the finished product are first recorded in the.
1 answer:
Any material purchased will be recorded in the Raw material inventory account. The option for the first blank is raw and second blank is material.
<h3>What is Inventory Account?</h3>Inventory Account refers to the account which records all the transactions related to the stock. It records the purchased of the stocks, work in progress, closing stock, opening stock etc.
The complete question is attached below.
The raw material inventory account is where all materials that will be used to create the final product are first registered.
Learn more about raw material here:
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