Raw Materials Raw materials are basic goods that will be used in manufacturing but have not yet been manufactured. Related Articles: What is Cost Accounting and Its Objectives [Notes with PDF]16 Important Assumptions of Cost-Volume-Profit (CVP) Analysis [With PDF]Free Break-Even Analysis CalculatorTop 30 Questions and Answers- Budgeting [With PDF]Top 8 Differences between Product Cost and Period Cost [Notes with PDF]There are many differences between product cost and period cost. The cost that can be directly assigned to a product is known as the product cost.
