ToySpot, a soft toy manufacturer, receives an order of 250 teddy bears. For this particular order, its total inventory includes 300 yards of fabric, 200 yards of ribbon, 250 pounds of cotton, 185 teddy bears in various stages of manufacturing, and 65 completed teddy bears. In the context of this scenario, how many teddy bears can be considered work-in-process inventory?

Question

Quizplus · Accepted Answer

Work-in-process inventory refers to the products that are in various stages of production but are not yet complete. In this scenario, the 185 teddy bears in various stages of manufacturing can be considered as work-in-process inventory. The completed teddy bears (65) cannot be considered as work-in-process inventory, and neither can the raw materials (fabric, ribbon, cotton) be considered as work-in-process inventory since they have not yet been processed. The order quantity (250) is not relevant to identifying work-in-process inventory.

ToySpot, a Soft Toy Manufacturer, Receives an Order of 250