For a manufacturing business, inventory that is still in the process of being manufactured is referred to as:

Question

Quizplus · Accepted Answer

Work-in-process inventory refers to inventory items that are still in the process of being manufactured, meaning that they are not yet finished goods but have undergone some level of production. Supplies inventory refers to raw materials and other items used in production, while finished goods inventory consists of fully completed and ready-to-be-sold items. Direct materials inventory refers specifically to the materials used in production, but does not encompass items that are still in process. Therefore, the best choice for inventory that is still in the process of being manufactured is work-in-process inventory (choice B).

For a Manufacturing Business, Inventory That Is Still in the Process