Question
Which one of the following is NOT a form of inventory?
Options :
Raw materials
Work-in-process materials
Finished goods
CNC Milling Machines
Answer :
CNC Milling Machines
Solution :
Form of inventory:
(i) work-in-process inventory
(ii) Spare part inventory
(iii) Waste inventory
(iv) Raw material inventory
(v) Finished good inventory
So, CNC milling machines is not form ofinventory.
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