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What type of inventory does paint that has been colored but not yet put into cans represent for a paint company

User Roger Ray
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Answer:

Work in process inventory

Step-by-step explanation:

Work in process inventory is made up of those goods that are partially completed in the production process.

The various stages inventory goes through are raw material inventory, work in process inventory, and finished goods inventory.

When some work has already been done on the raw material but it is not ready to leave the production process this is work in process.

This is exemplified in the given scenario where paint has been colored but not yet put into cans.

User Jon Snow
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