Financial Management - Chapter 20

• Raw materials inventory - basic materials to be used in the firm’s production operations. • Work-in-process inventory - partially finished goods requiring additional work before becoming finished goods. • Finished-goods inventory - completed products that are not yet sold. • Stock of • Raw materials inventory - basic materials to be used in the firm’s production operations. • Work-in-process inventory - partially finished goods requiring additional work before becoming finished goods. • Finished-goods inventory - completed products that are not yet sold. • Stock of cash - inventory of cash to allow payment of bills.