__________are also known as partially finished goods.
A) Work-in-process inventories
B) Component parts inventories
C) Average aggregate inventories
D) Raw material inventories

Question

Quizplus · Accepted Answer

Work-in-process inventories are goods that have undergone some manufacturing process but are not yet completed. They are also referred to as partially finished goods. Option B (Component parts inventories) refers to inventories of raw materials that have not been processed or assembled. Option C (Average aggregate inventories) is a non-specific term that does not indicate the type of inventory. Option D (Raw material inventories) refers only to the inventory of unprocessed materials.

__________Are Also Known as Partially Finished Goods