For a manufacturing business,inventory that is in the process of being manufactured
Is referred to as

Question

Quizplus · Accepted Answer

Work in process inventory refers to inventory that is in the process of being manufactured. This includes raw materials, direct labor, and manufacturing overhead that have been added to partially completed goods but are not yet considered finished goods inventory. Supplies inventory refers to materials and items needed for the manufacturing process, but that are not part of the final product. Finished goods inventory refers to products that have completed manufacturing and are ready for sale. Direct materials inventory refers specifically to the materials needed to manufacture a product, but not necessarily those that are currently being processed.

For a Manufacturing Business,inventory That Is in the Process of Being