TipsGet tips through StudyGPTQuestion textFinished goods in transit to the customer are called what?a.Distribution inventoryb.Raw Materials inventoryc.WIP inventoryd.Components inventorye.MRO inventory
Question
TipsGet tips through StudyGPTQuestion textFinished goods in transit to the customer are called what?a.Distribution inventoryb.Raw Materials inventoryc.WIP inventoryd.Components inventorye.MRO inventory
Solution
The correct answer is a. Distribution inventory.
Here's why:
a. Distribution inventory: This refers to finished goods that are ready to be sold to customers. If these goods are in transit to the customer, they are still part of the company's inventory until the customer receives and pays for them.
b. Raw Materials inventory: This refers to the basic materials and parts that are to be used in the manufacturing process.
c. WIP inventory: WIP stands for Work in
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