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Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.
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Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.

User Umashankar
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Answer:

Inventory

Step-by-step explanation:

Inventory refers to

  1. The finished products in the warehouse or store that is ready for sale.
  2. Raw materials used in the production of goods
  3. Goods that in the production process, also known as work in progress.

Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.

User Zentenk
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