are raw materials a current asset
Raw materials stock. Raw materials stock is the total value of all of a companyâs raw materials currently in stock which have not entered work-in-process or finished goods production yet. The value of a companyâs stock of raw materials appears as a current asset on the companyâs balance sheet. Initially, raw materials are recorded into a stock asset account by debiting to the raw materials stock account and crediting the accounts payable account.