_____ inventory consists of partially completed products in various stages of completion that are awaiting further processing.
A) Raw materials
B) Work-in-process (WIP)
C) Cycle
D) Safety stock

Question

Quizplus · Accepted Answer

Work-in-process (WIP) inventory refers to products that are partially completed and are in the various stages of production within the manufacturing process. These are items that require further processing and are not yet completed products. Raw materials, on the other hand, refer to the basic materials used in the manufacturing process, while cycle and safety stock are other types of inventory management techniques.

_____ Inventory Consists of Partially Completed Products in Various Stages