_____ inventory includes the items used to support production and operations and are not physically part of a finished product.
A)Raw materials
B)WIP
C)Semifinished items
D)MRO
E)Pipeline/in-transit

Question

_____ inventory includes the items used to support production and operations and are not physically part of a finished product.
A)Raw materials
B)WIP
C)Semifinished items
D)MRO​
E)Pipeline/in-transit

Quizplus · Accepted Answer

MRO stands for Maintenance, Repair, and Operating supplies, which are items used to support production and operations but are not physically part of a finished product. Raw materials are the materials that go into a finished product, semi-finished items are partially completed products, WIP (work in progress) refers to products that are in the process of being made, and pipeline/in-transit inventory refers to goods that are en route to a destination.

_____ Inventory Includes the Items Used to Support Production and Operations