Which if the following is not a type of inventory?
A) Finished goods in the stockroom
B) food cans in a foods store raw materials
C) job being processed on the machine
D) all of above
Answers
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job being processed on the machine
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Food cans in a foods store raw materials are not a type of inventory
Option B
Explanation:
- The inventory items consist of raw materials of the raw materials that are needed for the production of a product, work in progress or jobs being processed on the machine and the finished goods which are stored in the warehouses and have to be sent to the customers. The inventory consists of the finished and unfinished products that are ready to be sent to the customers. They consist of all the things that are needed for the purpose of production
- The food can in a food store raw materials is not a part of the regular inventory since there are materials that are needed to form the food that fills up 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.
To know more about inventory
What is inventory? why inventory is required and what are the costs associated with inventory?
https://brainly.in/question/7069791
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