Question

Inventory is categorised into several types including raw material inventory , finished good inventory , in process inventory , etc . Which of the following cannot be categorised as an inventory type ?

Answer 1

The food can in a food stores raw materials is not a part of the regular inventory since there are materials that are needed to form the food that fill ups the cans and they are ultimately sealed and canned. The firms inventory would be the filled cans that are ready to be sent for distribution.