How would Chevrolet classify its partially completed vehicles?
A)Finished goods
B)Raw materials
C)Work in process
D)Supplies

Question

Quizplus · Accepted Answer

Partially completed vehicles would be considered "work in process" because they are not yet finished goods, but rather are in the process of being assembled and completed. Raw materials would refer to the individual components and materials used to create the vehicles, while supplies would refer to the tools and equipment used in the manufacturing process.

How Would Chevrolet Classify Its Partially Completed Vehicles