Which of the following is not a category of inventory?
A) raw materials
B) work-in-process
C) purchases
D) finished goods

Name: Which of the following is not a category of inventory? A) raw materials B) work-in-process C) purchases D) finished goods
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Question

Quizplus · Accepted Answer

The three categories of inventory are raw materials, work-in-process, and finished goods. Purchases are not a category of inventory, but rather a transaction that could impact one of the three categories.

Which of the Following Is Not a Category of Inventory