The ________ inventory contains the basic components of the production process.
A) raw materials
B) work-in-process
C) finished goods
D) capital goods

Question

Quizplus · Accepted Answer

Raw materials are the basic components of the production process, including any materials or substances used in the manufacturing of a final product. Work-in-process inventory includes items that are in the process of being manufactured, while finished goods inventory contains completed items that are ready for sale or distribution. Capital goods are items used in the production process, such as machinery or equipment, but are not considered part of inventory.

The ________ Inventory Contains the Basic Components of the Production