Questions: For each description presented in the following table, identify the corresponding type of inventory. Description Inventory Type Uncooked meat patties and potatoes are examples of this inventory in a fast-food restaurant. The cooked hamburgers and french fries stacked under the heat lamps at a McDonald's restaurant are examples of this inventory.

To identify the corresponding type of inventory for each description, we need to understand the different types of inventory typically found in a business setting, particularly in a fast-food restaurant context.

1. Uncooked meat patties and potatoes are examples of this inventory in a fast-food restaurant.

   The answer is: Raw Materials Inventory

   Explanation: Uncooked meat patties and potatoes are considered raw materials because they are the basic inputs that are used to produce the final product, which in this case would be cooked hamburgers and french fries. Raw materials inventory includes all the components and ingredients that are yet to be processed or transformed into finished goods.

2. The cooked hamburgers and french fries stacked under the heat lamps at a McDonald's restaurant are examples of this inventory.

   The answer is: Finished Goods Inventory

   Explanation: Cooked hamburgers and french fries that are ready to be sold to customers are considered finished goods. Finished goods inventory refers to the completed products that are ready for sale to customers. In a fast-food restaurant, these are the items that have been fully prepared and are waiting to be purchased by customers.

In summary, uncooked meat patties and potatoes are classified as raw materials inventory, while cooked hamburgers and french fries are classified as finished goods inventory.