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Question 2 ( 1 point ) Match the appropriate term and definition. Inventory Raw Materials Inventory Specific Identification Inventory Work - in - process Inventory
Question point
Match the appropriate term and definition.
Inventory
Raw Materials Inventory
Specific Identification
Inventory
Workinprocess Inventory
Consignment Inventory
Goods a company is holding on
behalf of the goods' owner.
Goods that are held for sale in the
normal course of business or are
used to produce other goods for
sale.
Goods that are in the process of being
manufactured.
Inventory costing method that identifies the cost
of the specific item that was sold.
The inventory that starts the
manufacturing process.
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