Question $2(1$ point$)$

Match the appropriate term and definition.

Inventory

Raw Materials Inventory

Specific Identification

Inventory

Work$-$in$-$process Inventory

Consignment Inventory

Goods a company is holding on

behalf of the goods' owner.

Goods that are held for sale in the

normal course of business or are

used to produce other goods for

sale.

Goods that are in the process of being

manufactured.

Inventory costing method that identifies the cost

of the specific item that was sold.

$5.$

The inventory that starts the

manufacturing process.