A finished-goods inventory includes:
A) items that have passed through the complete production but have yet to be sold
B) materials that are still moving through the stages of the production process
C) goods that the organisation keeps on hand for use in the production process up to the point of selling the final products to customers
D) basic inputs to the organisation's production process
E) miniature items in the production process

Question

Quizplus · Accepted Answer

Finished-goods inventory specifically refers to items that have completed the production process but have not yet been sold to customers. Choices B, C, D, and E describe other types of inventory or stages in the production process, not finished goods.

A Finished-Goods Inventory Includes