Thvkim120viz
Answered

1. What is inventory?
2. Give at least 3 examples of inventories.​

Sagot :

Mackiebutterflyviz

Answer:

Manufacturers deal with three types of inventory. They are raw materials (which are waiting to be worked on), work-in-progress (which are being worked on), and finished goods (which are ready for shipping).

Eyasuson0838viz

Answer:

1. "WHAT IS INVENTORY?"

-a complete list of items such as property, goods in stock, or the contents of a building.

2. "3 Examples of Inventories"

-Raw Materials:

Raw Materials:Raw materials are the materials a company uses to create and finish products. When the product is completed, the raw materials are typically unrecognizable from their original form, such as oil used to create shampoo.

-Components:

Components:Components are similar to raw materials in that they are the materials a company uses to create and finish products, except that they remain recognizable when the product is completed, such as a screw.

-Work In Progress (WIP):

Work In Progress (WIP):WIP inventory refers to items in production and includes raw materials or components, labor, overhead and even packing materials.