Finished goods inventory would normally include ________.
A) direct materials in stock and awaiting use in the manufacturing process
B) goods partially worked on but not yet fully completed
C) goods fully completed but not yet sold
D) goods returned after being sold to be re-worked on further improvements and quality

Question

Quizplus · Accepted Answer

Finished goods inventory refers to products that have been fully completed and are ready for sale but have not yet been sold. option A refers to raw materials inventory, option B refers to work-in-progress inventory, and option D refers to returned goods inventory.

Finished Goods Inventory Would Normally Include ________