All work-in-process inventories are assembled to create__________.
A) component parts inventories
B) average aggregate inventories
C) raw material inventories
D) finished goods inventories

Question

Quizplus · Accepted Answer

Work-in-process inventories are a result of the production process and include partially completed products that are yet to be finished. They are assembled to create finished goods inventories, which are the final products ready for sale. Therefore, option D is the correct answer. Option A (component parts inventories) refers to the inventory of parts and materials used to create finished goods, but it does not specifically refer to work-in-process items. Option B (average aggregate inventories) is a vague term that does not provide any specific information about inventories. Option C (raw material inventories) refers specifically to the inventory of materials used to create finished goods, but does not include work-in-process items.

All Work-In-Process Inventories Are Assembled to Create__________