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Re: Drugdoctor post# 20901

Thursday, 11/27/2014 10:51:53 PM

Thursday, November 27, 2014 10:51:53 PM

Post# of 74707
If it were raw materials it would be described as raw materials. In accounting there are three terms to define material directly used to make products. Raw materials. Work in process. Finished goods. That's it.

Production supplies are things like packing peanuts, card board boxes, wood boxes, pallets, etc. used to ship products.

As of September 30 LVVV had NO products in any phase or form of production.