Which of the following applies to goods that are produced by a manufacturing company and ready to sell?

Question

Quizplus · Accepted Answer

Finished goods inventory refers to the products that have been fully produced by a manufacturing company and are ready to be sold to customers. Work in process inventory refers to products that are in the process of being manufactured, while materials inventory refers to the raw materials and components that are used to make the products. "Inventory" can refer to any type of inventory, so D is the most specific and accurate choice.

Which of the Following Applies to Goods That Are Produced