Which of the following inventories would a company ordinarily hold for sale?
A) Raw materials.
B) Work in process.
C) Finished goods.
D) Raw materials and finished goods.
E) Work in process and finished goods.

Question

Quizplus · Accepted Answer

Finished goods are the inventory items that a company has completed manufacturing and are ready to sell to customers. Raw materials and work in process are stages prior to becoming finished goods.

Which of the Following Inventories Would a Company Ordinarily Hold