Manufacturers usually have three inventories: raw materials, work in process, and finished goods.

Name: Manufacturers usually have three inventories: raw materials, work in process, and finished goods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. Manufacturers typically have three types of inventory: raw materials that have been purchased but have not yet been processed, work in process inventory that is currently in the production process, and finished goods inventory that is ready to be sold or shipped to customers.

Manufacturers Usually Have Three Inventories: Raw Materials, Work in Process