Quesnel Inc. (Quesnel) is a coffee shop that sells brewed coffee and beans, as well as baked
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Quesnel Inc. (Quesnel) is a coffee shop that sells brewed coffee and beans, as well as baked goods made on the premises.
For each of the following items indicate whether Quesnel should classify the items as inventory and, if it should be classified as inventory, whether it would be considered raw materials, work-in-process, finished goods, or supplies. Provide a brief explanation for each classification.
a. paper cups for take-out
b. china cups and plates for eating in
c. brooms and mops
d. plastic wrap to package baked goods
e. coffee beans
f. pans for cooking baked goods
g. flour, sugar, eggs, chocolate
h. cleaning supplies (soap, disinfectant, etc.)
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