Which of the following inventories would a company ordinarily hold for sale?
A)Raw materials.
B)Work in process.
C)Finished goods.
D)Raw materials and ﬁnished goods.
E)Work in process and ﬁnished goods.

Question

Quizplus · Accepted Answer

Finished goods are the products that are ready to be sold to customers. Raw materials are the basic materials that are used to produce products, and work in process are the products that are in the process of being produced but are not yet completed. Therefore, finished goods are the only inventory that a company normally holds for sale.

Which of the Following Inventories Would a Company Ordinarily Hold