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Match each inventory stage

Exercise and reference answers

Matching pairs
  1. Left
    Materials
    Right
    Items not yet entered into production
  2. Left
    Work in process
    Right
    Products started but not yet completed
  3. Left
    Finished goods
    Right
    Completed products not yet sold
  4. Left
    Cost of goods sold
    Right
    Cost of the manufactured items that sold
Instructions
Tap a term, then tap the stage it describes.

Explanation

_Source: Jonick, Principles of Managerial Accounting, section 1.3 Inventory Terminology and Concepts_
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