Investment in inventories includes investment in:
i.raw material; II)work-in-progress; III)finished goods
A)I only
B)I and II only
C)I,II,and III
D)III only

Question

Quizplus · Accepted Answer

Investment in inventories includes investment in all three categories - raw material, work-in-progress, and finished goods. Raw material refers to the basic components or materials that are used in the production process, work-in-progress refers to partly completed goods that are still in the process of being manufactured, and finished goods refer to the final products that are ready to be sold. Therefore, option C is the correct choice.

Investment in Inventories Includes Investment In