Taylor's toy shop bought a very large inventory of the newest superhero action figure.Because a new movie was supposed to come out featuring the superhero,Taylor didn't anticipate a problem selling the toy.However,production on the movie was halted and now Taylor is having a hard time selling the action figure.This represents what type of inventory?

Question

Quizplus · Accepted Answer

Obsolete inventory is inventory that is no longer in demand due to changes in consumer preferences, technology, or other factors. In this case, the action figure is obsolete because the movie that was supposed to feature the superhero was halted, and now there is no demand for the toy.

Taylor's Toy Shop Bought a Very Large Inventory of the Newest