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Bookmark or Share- Raw Materials: Definition, Accounting, and Direct vs. IndirectKey Takeaways. Raw materials are the input goods or inventory that a company needs to manufacture its products. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber,...
- Raw Materials - Meaning, Types, Examples, AccountingRaw materials refer to unfinished substances or unrefined natural resources used to manufacture finished goods. These materials undergo processing and transformation into intermediate substances, further used to make final products for sale. Examples include cotton, crude oil, coal, raw biomass, rubber blanks, mineral ores, wood, etc.
- Raw material - WikipediaA raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.
- Raw material Definition & Meaning - Merriam-WebsterThe meaning of RAW MATERIAL is crude or processed material that can be converted by manufacture, processing, or combination into a new and useful product; broadly : something with a potential for improvement, development, or elaboration. How to use raw material in a sentence.
- 92 Examples of Raw Materials - SimplicableJohn Spacey, updated on January 25, 2024. A raw material is a relatively unprocessed material that is a basic economic input. These include minerals, metals, forest products, agricultural products, chemicals and natural resources that are viewed as foundational inputs.
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