Inventory is a detailed listing of the stock-in-trade of a business. Inventory types typically can be grouped under three classifications: raw material, work in progress, and finished goods.
2. Work in progress: All the materials that are being processed.
3. Finished goods: Completed goods that are ready for sale.
2. Work in progress: All the materials that are being processed.
3. Finished goods: Completed goods that are ready for sale.
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