Inventories consisting of units of product that are only partially complete are called ______________.
A)finished goods
B)raw materials
C)work in process
D)None of the above.

Question

Quizplus · Accepted Answer

Work in process inventories consist of units of products that are only partially complete. Finished goods inventories are completed products ready to be sold, while raw materials are the basic materials used in production. Therefore, C is the correct choice.

Inventories Consisting of Units of Product That Are Only Partially