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Raw materials are materials that have been harvested from the earth. Lumber, metal ores, and grain are all examples of raw materials. Processed materials are materials which have been refined or built by humans from raw materials.Examples would include paper, steel, or glass.rocessed materials are materials which have been refined or built by humans from raw materials.
What happened to the stuff that is no longer there? Those materials were requisitioned by employees to use in the production process. They are being used to make our product. We call the materials that were taken from the room materials used in production. Those materials were transferred into work-in-progress inventory. Raw materials inventory is pretty straight forward. Work-In-Progress Inventory. Now that we have put materials into production, what else goes into the cost of our product?