Which of these is inventory consisting of items that have passed through the complete production process but have yet to be sold?
A) Finished goods inventory
B) Work-in progress inventory
C) Raw material inventory
D) Possessed inventory
E) Non-physical inventory

Question

Quizplus · Accepted Answer

Finished goods inventory consists of items that have gone through the complete production process and are now ready to be sold. Work-in-progress inventory includes goods that are currently in the production process, and raw material inventory includes the materials needed to produce the goods. Possessed inventory and non-physical inventory are not standard terms in inventory management.

Which of These Is Inventory Consisting of Items That Have