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28 February, 14:18

Which of the following types of inventory describes inventory that has been purchased but not processed?

A. raw material inventory

B. maintenance/repair/operating supply inventory

C. work-in-process inventory

D. finished-goods inventory

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Answers (1)
  1. 28 February, 16:24
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    A. raw material inventory

    Explanation:

    Inventory materials are basically of 3 types namely; Raw materials, semi-finished goods and finished goods.

    Raw materials are inventory materials yet to be processed. It is usually referred to as material cost.

    Inventory items that have been processed but yet to be finished are called semi finished goods. Such items are also called work-in-process inventory.

    Finished goods are inventory items ready to be sold.

    Based on the above statements, the right option is A. raw material inventory.
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