Inventory is the stock of goods that a company:
A) produces this year, but keeps to sell next year.
B) produced last year and was forced to sell below cost.
C) is producing, but has already sold contractually.
D) produces and sells within a given time period.

Question

Quizplus · Accepted Answer

Inventory refers to goods that a company has produced but not yet sold, which can include items intended for future sales.

Inventory Is the Stock of Goods That a Company