In-transit inventory is material being moved from suppliers to customers.

Name: In-transit inventory is material being moved from suppliers to customers.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

In-transit inventory refers to inventory that is currently in transit (i.e. being shipped or transported) from the supplier to the customer. It has not yet arrived at the customer's location, but it is considered part of the customer's inventory because they have already paid for it and it is en route to them.

In-Transit Inventory Is Material Being Moved from Suppliers to Customers