Asked by

Karmin Hemraj
on Nov 13, 2024

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For a manufacturing business, products that are in the process of being manufactured are referred to as

A) supplies inventory
B) work in process inventory
C) finished goods inventory
D) direct materials inventory

Work in Process Inventory

Goods that are partially completed in manufacturing but not yet ready for sale, reflecting a stage between raw materials and finished goods.

Supplies Inventory

Items held in stock by a business, such as office supplies or maintenance materials, not directly used in manufacturing but necessary for operations.

  • Identify different types of inventory in a manufacturing company.
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Alexis RamdeenNov 19, 2024
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