Inventory consists of:
A)finished goods.
B)raw material and finished goods.
C)raw material, work in process, and prepaid rent.
D)raw material, work in process, and finished goods.

Question

Quizplus · Accepted Answer

Inventory typically includes raw materials, work in process, and finished goods. Prepaid rent is not considered a part of inventory. Therefore, only choice D includes all the correct components of inventory.

Inventory Consists Of