For a company making cheese,Cured cheese that is waiting to be shipped to retailers would be included in which of the following?
A)Raw materials inventory.
B)Work in progress inventory.
C)Finished goods inventory.
D)All of the answers are acceptable.

Question

Quizplus · Accepted Answer

Cured cheese waiting to be shipped to retailers would be considered a finished product, and therefore included in finished goods inventory. Raw materials inventory would include items such as milk and rennet, and work in progress inventory would include cheese that is still being processed or aged.

For a Company Making Cheese,Cured Cheese That Is Waiting to Be