Difference between revisions of "Raw material"

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[[Raw material]] is material that is to be processed into a finished product or that changes the quality or characteristics of the product.
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[[Raw material]] is the material or substance that the [[manufacturing industry]] further processes in order to create goods and services.
  
  

Revision as of 04:31, 18 November 2019

Raw material is the material or substance that the manufacturing industry further processes in order to create goods and services.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Raw material. Material that is to be processed into a finished product or that changes the quality or characteristics of the product.

Related concepts

Related lectures