Which of the following is one of the categories of manufacturing inventory?
A)Economic Order Inventory
B)Work-in-process
C)Quality units
D)JIT Inventory
E)Re-order point

Question

Quizplus · Accepted Answer

Work-in-process inventory is one of the three categories of manufacturing inventory, along with raw materials inventory and finished goods inventory. Work-in-process inventory refers to the items that are in the process of being manufactured, but aren't yet finished goods. Economic Order Inventory and Re-order point are techniques used for managing inventory levels, while JIT (Just-In-Time) Inventory is an inventory strategy aimed at minimizing inventory levels. Quality units is not a category of manufacturing inventory.

Which of the Following Is One of the Categories of Manufacturing