The three basic types of inventory may be quite different in terms of their liquidity.

Name: The three basic types of inventory may be quite different in terms of their liquidity.
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The three basic types of inventory—raw materials, work-in-progress, and finished goods—vary in their liquidity, with finished goods being the most liquid as they are ready for sale, while raw materials and work-in-progress require further processing.

The Three Basic Types of Inventory May Be Quite Different