name the raw materials used to manufacture common class
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For manufacturing companies, raw materials inventory requires detailed budgeting and a special framework for accounting on the balance sheet and income statement. Examples of raw materials include: steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.
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Explanation:
For manufacturing companies, raw materials inventory requires detailed budgeting and a special framework for accounting on the balance sheet and income statement.
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