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19 March, 05:27

ToySpot, a soft toy manufacturer, receives an order of 250 teddy bears. For this particular order, its total inventory includes 300 yards of fabric, 200 yards of ribbon, 250 pounds of cotton, 185 teddy bears in various stages of manufacturing, and 65 completed teddy bears. In the context of this scenario, how many teddy bears can be considered work-in-process inventory.

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  1. 19 March, 05:42
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    185 teddy bears are in work in progress inventory

    Explanation:

    given data

    receives order = 250 teddy bears

    fabric = 300 yards

    ribbon = 200 yards

    cotton = 250 pounds

    to find out

    how many teddy bears can be considered work-in-process inventory

    solution

    we know that teddy bears to be manufactured is = 250

    so finished and this comes under finished goods inventory are

    goods inventory = 65 teddy bears

    and still in the process is 185 teddy bears

    so they needs to undergo further process because the work is still not completed

    so we can say that 185 teddy bears are in work in progress inventory
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