Which of the following are not types of inventory?
A)customer orders
B)raw materials
C)work-in-progress
D)tools
E)goods in transit

Question

Quizplus · Accepted Answer

Customer orders are not a type of inventory; they are requests by customers for products or services. Inventory typically refers to the physical stock of goods or materials a company holds for the purpose of resale or production, such as raw materials, work-in-progress, finished goods, and sometimes tools and goods in transit.

Which of the Following Are Not Types of Inventory