Question:
Which one of the following is NOT a form of inventory?
Which one of the following is NOT a form of inventory?
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Inventory includes raw materials, work-in-process materials, and finished goods. Equipment used in production, like CNC machines, is not considered inventory.
Updated On: Dec 15, 2025
- Raw materials
- Work-in-process materials
- Finished goods
- CNC Milling Machines
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Verified By Collegedunia
The Correct Option is D
Solution and Explanation
Inventory refers to the goods and materials that a business holds for the purpose of resale or production. The primary forms of inventory are:
- Raw materials: These are the basic materials used in the production process.
- Work-in-process materials: These are items that are in the process of being manufactured but are not yet finished products.
- Finished goods: These are products that are complete and ready for sale.
CNC Milling Machines (option D) are not a form of inventory; rather, they are equipment used in the manufacturing process. Therefore, the correct answer is (D).
Final Answer:
\[ \boxed{(D)} \]
- Work-in-process materials: These are items that are in the process of being manufactured but are not yet finished products.
- Finished goods: These are products that are complete and ready for sale.
CNC Milling Machines (option D) are not a form of inventory; rather, they are equipment used in the manufacturing process. Therefore, the correct answer is (D).
Final Answer:
\[ \boxed{(D)} \]
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