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Unused materials for manufacturing products are called a. COGS b. Accounts Receivable c. depreciation d. inventory?

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Question added by Anil Lalwani , Chief Accountant , Al Ahli Hospital
Date Posted: 2016/10/15
Shameer Nazir Madari
by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

Unused Material for manufacturing products are called as 

Answer is d. Inventory

 

a. COGS

are the direct costs attributable to the production of the goods sold

b. Account Receivable

refers to the outstanding invoices a company has or the money the company is owed from its clients.

c. depreciation  

is an accounting method of allocating the cost of a tangible asset over its useful life. 

Wilfredo Quito
by Wilfredo Quito , Accounting Manager , DDC LAND INC.

Thanks for Invitation Anil.

Unused materials treated as Inventory

 

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