____ inventory is inventory consisting of the basic inputs to the organization's production process.
A) Finished goods
B) Work-in progress
C) Raw material
D) Possessed
E) Non-physical

Question

Quizplus · Accepted Answer

Raw material inventory consists of the basic inputs required for the production process, such as metals, wood, chemicals, fabric, or other materials needed to manufacture a product. Raw materials may come from suppliers and will be transformed into finished goods.

____ Inventory Is Inventory Consisting of the Basic Inputs to the Organization's