Which of These Is Not Part of Inventory for a Manufacturing

question 38

Multiple Choice

Which of these is not part of inventory for a manufacturing firm?

• A)Partly completed goods (work in process).
• B)Raw materials.
• C)Finished goods.
• D)None of the above, i.e., all are part of inventory.

---

Definitions:

Original Cost

The purchase price of an asset or service, including installation fees, transportation costs, and other expenses required to bring an asset into a usable state.

Investment Account

A financial account held at a financial institution that contains securities, cash, and other assets managed for the purpose of investment.

Operating Income

Earnings before interest and taxes (EBIT), a measure of a company's profit from operations before interest expenses and taxes have been deducted.

Paid-In Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares and amounts over par value.