Tutors on net
Tutors on NetTutors on Net

Types of Inventory

Types of Inventory Assignment / Homework Help
In a typical manufacturing company, inventory will be in the following forms:
  • Raw Materials Inventory

    Raw materials, as the name implies are in the raw stage without any processing. They are in the stage as such purchased from the supplier. They can also be extracted materials if not purchased from the supplier. They contain the material or the parts required for production.
  • Work-in-Progress Inventory

    Work-in-Progress inventory is in a stage between the raw materials stage and the finished goods stage. They are partly processed materials and as such direct material, labor and overheads would have been incurred to bring the raw materials into the work-in-progress state. They cannot be called finished goods until they are fully processed or produced.
  • Finished goods Inventory

    Finished goods inventory is the final stage of inventory. All the processes are over and the product fully manufactured and ready for sale. Sometimes, companies also procure short-term finance pledging the finished goods inventory as security. Finished goods inventory will be then distributed to wholesalers, distributors or retailers as the case may be.

Online Live Tutor Types of Inventory:

We have the best tutors in accounts in the industry. Our tutors can break down a complex Types of Inventory problem into its sub parts and explain to you in detail how each step is performed. This approach of breaking down a problem has been appreciated by majority of our students for learning Types of Inventory concepts. You will get one-to-one personalized attention through our online tutoring which will make learning fun and easy. Our tutors are highly qualified and hold advanced degrees. Please do send us a request for Types of Inventory tutoring and experience the quality yourself.

Online Types of Inventory Help:

If you are stuck with a Types of Inventory Homework problem and need help, we have excellent tutors who can provide you with Homework Help. Our tutors who provide Types of Inventory help are highly qualified. Our tutors have many years of industry experience and have had years of experience providing Types of Inventory Homework Help. Please do send us the Types of Inventory problems on which you need Help and we will forward then to our tutors for review.