A batch of Raisin Bran that has been made at Kellogg's,but not yet packaged in its final cereal box would be an example of ________ inventory.
A)Raw Material
B)Work-in-process
C)Finished Goods
D)Maintenance,repair and operating supplies (MRO)

Question

Quizplus · Accepted Answer

Work-in-process inventory refers to goods that have gone through some production but are not yet finished goods. In this case, the batch of Raisin Bran has been made but not yet packaged, making it work-in-process inventory. Raw material inventory refers to materials that have not gone through any production process yet. Finished goods inventory refers to goods that are ready for sale. MRO inventory refers to supplies used for maintenance and repair of equipment, such as spare parts and lubricants.

A Batch of Raisin Bran That Has Been Made at Kellogg's,but