Final answer:
The correct option is b) Returned items.
Returned items are NOT related to the primary components of inventory, which include raw materials, work in process, and finished goods.
Step-by-step explanation:
Inventories is a small category that refers to the goods that one business has produced but has not yet sold to consumers, and are still sitting in warehouses and on shelves. The primary components of inventory include raw materials, work in process (WIP), and finished goods. Raw materials are the basic materials used to manufacture a product, while work in process refers to items that are currently being produced but are not yet complete. Finished goods are the final products that are ready to be sold to consumers.
Out of the options provided, returned items are NOT related to primary components of inventory. Returned items are products that have been purchased by consumers and then returned to the business. These items do not fall under any of the primary components of inventory, as they are no longer in the production or manufacturing stage.