Answer :
all of the choices are correct.
The definition of inventory includes both the production-related raw materials and the final goods that are put up for sale. Because it is one of the primary sources of income production and, as a result, a source of profits for the company's shareholders, inventory is one of a company's most important assets. Finished commodities, work-in-progress, and raw materials are the three different categories of inventory. It appears as a current asset on a company's balance sheet.
Any firm must have inventory as a valuable asset. It is defined as the variety of unfinished goods or finished goods that a company keeps on hand for use in the regular course of business.
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