The three basic types of inventory are all of the following EXCEPT
A) raw materials
B) work-in-process
C) finished goods
D) capital goods

Name: The three basic types of inventory are all of the following EXCEPT A) raw materials B) work-in-process C) finished goods D) capital goods
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The three basic types of inventory are raw materials, work-in-process, and finished goods. Capital goods are not considered inventory as they are assets used in the production process rather than goods intended for sale.

The Three Basic Types of Inventory Are All of the Following