Products that are in the process of being manufactured but are not yet complete are called:
A) Cost of goods sold.
B) Conversion costs.
C) Work in process inventory.
D) Raw materials inventory.
E) Finished goods inventory.

Question

Quizplus · Accepted Answer

Work in process inventory consists of products that are in the process of being manufactured but are not yet complete. This includes items such as partially assembled products, products waiting for additional materials, and products that are being tested or inspected but not yet approved for sale.

Products That Are in the Process of Being Manufactured but Are