Final answer:
Recycled inventories are goods that are returned or unsold and are being prepared to be reused or recycled. Non-recycled inventories are goods that a business has produced but have not been sold and are not intended to be reused or recycled.
Step-by-step explanation:
Recycled Inventories
Recycled inventories refer to the goods that a business has produced but were returned or unsold, and are being prepared to be reused or recycled. This includes items that have been recycled into new products or materials. Two examples of recycled inventories are:
1. Returned electronics that are refurbished and resold as refurbished products
2. Unsold clothing that is recycled into new fabric and used to make new clothing items
Non-Recycled Inventories
Non-recycled inventories are goods that a business has produced but have not been sold and are not intended to be reused or recycled. These items remain in the business's inventory until they are sold or disposed of. Two examples of non-recycled inventories are:
1. New cars sitting in a car dealership's lot waiting to be sold
2. Unused paper products in a stationary store's inventory, waiting to be purchased