1. Using Slide 8 as a template, break down a television set into the 5 inventory categories. I will do the first one for you, follow my lead for the other 4. Raw Materials include the TV screen, the WIFI module, the power cord, the plastic molding. These are the lowest cost parts because of minimal labor and storage costs invested in the product. What part of the television fits into the other categories along the supply channel?

Types of Inventory Raw materials and purchased parts in-house Work-in-process (WIP) Finished goods or merchandise Goods-in-transit to warehouses or customers (pipeline inventory) Returns and Defects