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Which one of the following is NOT a form of inventory?

1. Raw materials
2. Work-in-process materials
3. Finished goods
4. CNC Milling Machines

Correct answer: CNC Milling Machines

Solution

CNC Milling Machines are equipment used in the manufacturing process, not a type of inventory. Inventory refers specifically to the goods and materials that a business holds for the purpose of resale or production.

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