Which of the following is not a characteristic of the type of inventory used in manufacturing-type sector companies?
A)Direct materials inventory.
B)Work-in process inventory.
C)Finished goods inventory.
D)Materials in stock and waiting to use.
E)Products already manufactured and sold.

Question

Quizplus · Accepted Answer

The type of inventory used in manufacturing-type sector companies includes direct materials inventory, work-in-process inventory, and finished goods inventory. Materials in stock and waiting to use also fall under work-in-process inventory. Products already manufactured and sold are not a characteristic of the type of inventory used in the manufacturing sector, as they would fall under cost of goods sold on the income statement.

Which of the Following Is Not a Characteristic of the Type