Which of the following is a type of inventory that must be controlled by a manufacturing organization?
A)Raw materials
B)In-transit
C)Work-in-process
D)Finished goods
E)All of these choices

Question

Quizplus · Accepted Answer

All of these types of inventory are essential to a manufacturing organization and must be carefully controlled to ensure efficient operations and cost management. Raw materials are the inputs that are used to create finished goods, and their availability and quality can impact production processes. Work-in-process inventory includes items that are currently being processed but are not yet complete, while finished goods are the final products that are ready for sale or distribution. In-transit inventory refers to goods that are in transit from one location to another, and must be carefully tracked to ensure timely delivery and prevent loss or damage.

Which of the Following Is a Type of Inventory That