Question

Match each of the following inventory classifications with its definition.
Inventory Classifications
1. _______________Raw materials
2. _______________Work-in-process
3. _______________Finished goods
Definitions
a. Cost of items not yet complete by the end of the period.
b. Inventory that has been substantially completed.
c. Basic components used to build a product.



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  • CreatedJuly 15, 2014
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