Logb1u11Types of inventory

Which is NOT listed as inventory?

• service parts

• distributors

• raw materials

• consignment items

materials that are purchased by a company to be processed or manufactured

• work in process

• distribution inventory

• raw materials

• consignment

materials that have been processed in some way, but are not finished

• raw materials

• inventory

• work in process

• distribution inventory

materials that are in transit, off-site, or held by a seller on consignment

• distribution inventory

• consignment

• inventory

• work in process

a complete list of materials or products in stock

• inventory

• work in process

• raw materials

• distribution inventory

products sent to the seller with the agreement that payment will be made to the manufacturer only when the items are sold

• work in process

• distribution inventory

• consignment

• inventory

Manufactured Materials are:

• finished parts

• spare parts

• MRO supplies

• service parts

Extra Materials are:

• MRO supplies

• finished goods

• service parts

• nonproduction

Support and Maintenance are:

• finished goods

• finished parts

• service parts

• MRO supplies