Which of the Following Costs Is Not Included as Inventory

question 46

Multiple Choice

Which of the following costs is not included as inventory on the balance sheet?

• A)Raw materials currently being used in the manufacturing process.
• B)Work in process.
• C)Finished goods.
• D)Storage costs for finished goods.

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Definitions:

Spelling

The correct arrangement of letters to form a word.

Cigarette

A thin cylinder of finely cut tobacco rolled in paper for smoking.

Deceive

To mislead or trick someone into believing something that is not true.

Business

The activity of making, buying, or selling goods or providing services in exchange for money.