In a Manufacturing Firm,which Inventory Account Is NOT Used

question 64

Multiple Choice

In a manufacturing firm,which inventory account is NOT used?

• A)direct materials inventory
• B)work in process inventory
• C)finished goods inventory
• D)merchandise inventory

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Definitions:

Basket

A collection of goods, services, or financial instruments grouped together for the purpose of analysis, comparison, or investment.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

West Region

A term that could refer to the western part of a country, area, or specified region, often defined by geographic, administrative, or socioeconomic criteria.

North Region

A geographic area located towards the northern part of a country or territory.