Raw materials & purchased parts Partially completed goods called work in progress Finished-goods inventories (manufacturing firms) or merchandise (retail stores) Replacement parts, tools, & supplies Goods-in-transit to warehouses or customers
Raw materials & purchased partsPartially completed goods called work in progressFinished-goods inventories (manufacturing firms) or merchandise (retail stores)Replacement parts, tools, & suppliesGoods-in-transit to warehouses or customers