For Each of the Following, Identify in Column 1 the Category

question 26

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement(s) on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \begin{array} { l } \text { Work in process } \\\text { inventory }\end{array} & & & & \\\hline\end{array}$$

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Definitions:

Production Rates

The speed at which goods are manufactured or services are provided within a specified time period.

Television Sets

Are electronic devices designed for the reception and display of broadcast or recorded visual content.

Arizona

A state located in the southwestern region of the United States, known for its desert climate, the Grand Canyon, and rich Native American history.