_____ consists of partially completed products in various stages of completion that are awaiting further processing.
A) Raw materials inventory
B) Work-in-process inventory
C) Finished-goods inventory
D) Safety stock inventory

Question

Quizplus · Accepted Answer

Work-in-process inventory consists of products that are in various stages of completion and require further processing before being finished. Raw materials inventory refers to the supply of materials that have not yet been used in production, while finished-goods inventory includes products that have been completed and are ready for sale. Safety stock inventory is a buffer of extra inventory held to ensure that demand can be met even during unexpected situations such as supply chain disruptions.

_____ Consists of Partially Completed Products in Various Stages of Completion