Inventory That Is "In the Pipeline" Moving from One Link

question 78

Multiple Choice

Inventory that is "in the pipeline" moving from one link in the supply chain to another is:

• A)anticipation inventory.
• B)transportation inventory.
• C)smoothing inventory.
• D)hedge inventory.

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Definitions:

Ending Work in Process

The balance of goods that are still in the production process at the end of an accounting period and have not yet been completed.

Units Started

The quantity of units that began production over a particular period in the manufacturing process.

Beginning Work in Process

The inventory of production goods that have been partially completed but are not yet finished at the start of a period.

Ending Work in Process

The value of goods that are in the production process but not yet complete at the end of an accounting period.