An egg that is being cooked or a car on the assembly line are examples of which of the following:
A)Finished goods
B)Raw Materials
C)Work in process
D)In-transit goods

Question

Quizplus · Accepted Answer

An egg that is being cooked or a car on the assembly line are examples of work in process, meaning they are in the process of being transformed from raw materials into finished goods. They are not yet finished goods, which rules out option A, and they are not raw materials themselves, which rules out option B. In-transit goods refer to goods that are currently in transit between different locations and are not being actively transformed or worked on, so that option is also incorrect.

An Egg That Is Being Cooked or a Car on the Assembly