Which of the following applies to goods that are partially completed?
A) Work in process inventory
B) Finished goods inventory
C) Materials inventory
D) Inventory

Question

Quizplus · Accepted Answer

Goods that are partially completed are known as work in process inventory. This inventory represents products that have been started but are not yet finished. They still require further work or processing before they are ready to be sold as finished goods.

Which of the Following Applies to Goods That Are Partially