____ consist(s) of goods that are awaiting shipment to customers.

Question

Quizplus · Accepted Answer

Finished-goods inventory consists of goods that are awaiting shipment to customers. Raw-materials inventory refers to the materials needed for production, work-in-process inventory refers to goods that are currently being produced but are not yet complete, supplies refer to items needed for day-to-day operations, and controlled inventory refers to items with high value or potential risk that are closely monitored and controlled.

____ Consist(s) of Goods That Are Awaiting Shipment to Customers