___________ is a small category that refers to the goods produced by one business that have yet to be sold to consumers, and are either still sitting in warehouses and on store shelves.

Inventories includes all finished goods available for sale and also raw materials used in producing them. It accounts for finished products, work in progress materials, that is, the process of making the final goods from raw materials and raw materials used in producing the finished goods. So, goods produced that are yet to be sold or awaiting sales are called inventories.

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agbodido agbodido · Answer 2 · 2020-03-17T03:02:13+01:00

Answer: C inventories

Explanation:

Inventory, often called merchandise, refers to goods and materials that a business holds for sale to customers in the near future.

In other words, these goods and materials serve no other purpose in the business except to be sold to customers for a profit. They are not used in the produce things or promote the business. The sole purpose of these current assets is to sell them to customers for a profit, but just because an asset is for sale doesn’t mean that it’s considered inventory.