Inventories are assets
(a) Used in the production or supply of goods and services for administrative purposes.
(b) Held for sale in the ordinary course of business.
(c) Held for long-term capital appreciation.
(d) In the process of production for such sale.
(e) In the form of materials or supplies to be consumed in the production process or the rendering of services.
(f) Choices b and d.
(g) Choices b, d, and e.