Question Inventory items on an assembly line in various stages of production are classified as Not yet answered Points out of 1.00 O a. finished goods. P Flag question O b. merchandise inventory O c. raw materials. O d. work in process. Question 2 Not yet answered The financial statements of Hudson Manufacturing Company report net sales of $360,000 and accounts receivable of $50,000 and $30,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days? Points out of 1.00 P Flag question O a. 30.4 O b. 81.1 O c. 50.7 O d. 40.6