3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
5:09
YouTubeEdspira
3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
This video discusses the three different types of inventory for manufacturing firms: raw materials, work in process (WIP), and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory. — Edspira is the creation of Michael McLaughlin, an award ...
161.7K viewsFeb 11, 2014
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