Question: Which of the following is not an inventory?
(A). Finished products
(B). Raw material
(C). Machines
(D). Consumable tools
MCQs Answer: (C). Machines
Examples of Inventories
Let’s see a sample of inventories list that a company use for its inventory management;
| Inventory ID | Name | Description | Unit Price in $ | Quantity in stock | Inventory Value in $ | Reorder level | Reorder time in days |
| INVENTORY-ID001 | ABC | CBA | 9.00 | 60.00 | 300 | 33 | 22 |
| INVENTORY-ID002 | DEF | FED | 6.00 | 90.00 | 677 | 76 | 12 |
| INVENTORY-ID003 | GHI | IHG | 7.00 | 88.00 | 76 | 79 | 5 |
| INVENTORY-ID004 | JKL | LKJ | 9.00 | 77.00 | 37 | 66 | 8 |
| INVENTORY-ID005 | MNP | PNM | 1.00 | 9.00 | 77 | 66 | 9 |
| INVENTORY-ID006 | OQR | RQO | 6.00 | 7.00 | 609 | 40 | 6 |