Question

_________ inventory includes materials or semifinished goods that have had some work done on them but are not completed.a. Work-in-process

b. Finished-goods
c. MRO suppliers
d. Pipeline/in-transit
e. Raw material and semifinished items

Answer 1

The answer is a. Work-in-process

Step-by-step explanation:

b. Finished-goods is not right because the description mentioned raw material and semifinished goods.

c and d is not right because the concepts do not describe types of inventory themselves

e is not right because the Raw material account only accounts for raw material itself, that is, raw material without any further processing.

a. is correct because work-in-process is an account used to record the inventories that has been partially processed toward finished goods for the final providing of goods and services to the market.

So a is the correct choice.