Work in process inventory is:

Question

Quizplus · Accepted Answer

Work in process inventory refers to partly processed products that are still in the production process. This includes raw materials that have been moved into production but have not yet become finished goods. Option A is incorrect because work in the planning process should be considered as part of the raw materials inventory. Option B, on the other hand, refers to raw materials that have not yet been processed, which is not what work in process inventory is. Option D is incorrect because legal disputes have nothing to do with work in process inventory.

Work in Process Inventory Is