Which of the following is not one of the categories of manufacturing inventory?
A) Raw materials
B) Finished products
C) Component parts
D) Just-in-time
E) Supplies

Question

Quizplus · Accepted Answer

Just-in-time is a manufacturing strategy and not a category of inventory. It involves producing goods only as they are needed in the manufacturing process, thereby minimizing the need for inventory. Raw materials, component parts, finished products, and supplies are all categories of manufacturing inventory.

Which of the Following Is Not One of the Categories