Which of the Following Is Correct

question 93

Multiple Choice

Which of the following is correct?

• A)The raw materials inventory account is used to record inventory purchased by a retailer for resale.
• B)Work in process is an expense account used by a manufacturing company.
• C)Finished goods is an asset account used by a manufacturing company to record the cost of inventory ready for sale.
• D)Retailers use a purchases account to record raw materials inventory.