Which of the following is not considered a form of inventory?
A)items being transported
B)tools and equipment
C)purchased parts and supplies
D)backorders

Question

Quizplus · Accepted Answer

Backorders are not considered inventory as they are orders that have been placed but not yet fulfilled. They represent a demand for the product but they do not exist physically as inventory. Items being transported, tools and equipment, and purchased parts and supplies are all forms of inventory as they exist physically and are used in the production or sale of goods.

Which of the Following Is Not Considered a Form of Inventory