Inventory that represents partially completed products waiting further processing is called ____ inventory.
A)Raw materials
B)Work-in-process
C)Cycle
D)Safety stock

Question

Quizplus · Accepted Answer

Work-in-process inventory refers to partially completed products that are in the middle of the production process, waiting for further processing or assembly. Raw materials are the inputs that go into the production process, cycle inventory refers to the inventory required to meet the average demand during the replenishment lead time, and safety stock inventory is kept as a buffer to meet unexpected demand or supply chain disruption.

Inventory That Represents Partially Completed Products Waiting Further Processing Is