____ is defined as the goods that the organization keeps on hand for use in the production process up to the point of selling the final product to customers.
A)Inventory
B)Finished-goods
C)Raw materials
D)Work in process
E)None of these

Question

Quizplus · Accepted Answer

Inventory refers to all the goods and materials that a business holds for the ultimate goal of resale, including raw materials, work in process, and finished goods.

____ Is Defined as the Goods That the Organization Keeps