Manufacturing sector firms normally hold three types of inventory: direct materials inventory, work-in-process inventory, and finished goods inventory.

Name: Manufacturing sector firms normally hold three types of inventory: direct materials inventory, work-in-process inventory, and finished goods inventory.
Brand: Quizplus
Rating: 4.9 (24 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Manufacturing firms hold direct materials inventory, work-in-process inventory, and finished goods inventory to ensure smooth production and delivery of products.

Manufacturing Sector Firms Normally Hold Three Types of Inventory: Direct