____ is inventory consisting of items that have passed through the complete production process but have yet to be sold.
A) Finished goods inventory
B) Work-in progress inventory
C) Raw material inventory
D) Possessed inventory
E) Non-physical inventory

Question

Quizplus · Accepted Answer

Finished goods inventory consists of items that have passed through the complete production process and are ready for sale. Therefore, it is the best choice for this scenario. Work-in-progress inventory (B) consists of items that are in the process of being produced, and raw material inventory (C) consists of materials that have not yet gone through the production process. Possessed inventory (D) and non-physical inventory (E) are not relevant to this scenario.

____ Is Inventory Consisting of Items That Have Passed Through