Match the Inventory-Related Accounts to Costs That May Be Included

question 83

Multiple Choice

Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers.
-Cost of completed, unsold items.

• A)merchandise inventory
• B)raw materials
• C)work-in-process
• D)finished goods
• E)cost of goods sold

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Definitions:

Slicer

A tool in spreadsheet software that allows users to filter pivot table data visually, making it easier to analyze or find patterns.

PivotTable

A tool within spreadsheet software that summarizes, analyzes, explores, and presents data in a compact grid format based on selected columns and rows.

Column Labels

Descriptive headers placed at the top of each column in a table or spreadsheet to identify the type of data contained in the column.

PivotChart

A visual representation of data in a pivot table, allowing for dynamic data analysis and visualization in spreadsheet applications.