Work-in-process 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

Work-in-process inventory includes goods partially worked on but not yet fully completed. Direct materials in stock (option A) are categorized as raw materials inventory. Goods fully completed but not yet sold (option C) are categorized as finished goods inventory. Goods returned after being sold for further improvements and quality (option D) are categorized as rework inventory.

Work-In-Process Inventory Would Normally Include ________