Goods that are partially completed by a manufacturer are Group of answer choices merchandise inventory finished goods inventory work in process inventory materials inventory

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Jamie Stone

Business

23 April, 12:49

Goods that are partially completed by a manufacturer are Group of answer choices merchandise inventory finished goods inventory work in process inventory materials inventory

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Pinata · Answer 1

Work in progress inventory

Explanation:

There are different phases in manufacturing a good, and the goods are classified based on these manufacturing stages. If a product is partially manufactured and still in a phase of manufacturing that product is known as 'work in progress inventory'. Work in progress inventory means that they are not ready to sell. When that specific product is completed it becomes a finished goods inventory.