Which of the Following Are Common Classifications for Inventories in the Financial

Multiple Choice

Which of the following are common classifications for inventories in the financial statements: $\begin{array}{lllll}&I.&II.&III.&IV\\\text { Raw materials } & \text { No } & \text { Yes } & \text { No } & \text { Yes } \\\text { Finished goods } & \text { Yes } & \text { Yes } & \text { Yes } & \text { Yes } \\\text { Work in progress } & \text { No } & \text { No } & \text { Yes } & \text { Yes } \\\text { Assets held for resale } & \text { Yes } & \text { No } & \text { No } & \text { Yes }\end{array}$

A) I.
B) II.
C) III.
D) IV.