Question

Which of the following types of inventory has completed the production process and is ready for...

Which of the following types of inventory has completed the production process and is ready for sale?

Group of answer choices

a.Just-in-time inventory

b.Materials in transit

c.Raw materials

d.Finished goods

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Answer #1

The answer is Option D.Finished Goods

Finished goods is defined as "Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user"

others are explained as follows.:-

Just-in-time inventory is a method of reducing wastage of raw material by recieving the goods only as they needed for the productio process.

Materials in transit it is a kind of inventory which is shiopped from the seller to buyer and not yet reached to the buyer.

Raw materials Raw materials are those inventory which can be used for the production of the final products.

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