If a fast food restaurant has a box of toilet tissue with 100 rolls stored with its paper cups,the box of toilet tissue would be classified as inventory and the paper cups would be classified as inventory.
A)finished goods;work in progress
B)maintenance;repair and operating;raw materials
C)finished goods;raw material
D)maintenance;repair and operating;work in progress

Question

Quizplus · Accepted Answer

The toilet tissue is classified as maintenance, repair, and operating (MRO) supplies, while the paper cups are classified as raw materials used in the production of the final product (serving food/drinks).

If a Fast Food Restaurant Has a Box of Toilet