Which of the Following Inventory Accounts Is $\textbf{ not }$

question 17

Multiple Choice

Which of the following inventory accounts is $\textbf{ not }$ used in a process costing system?

• A)Work in process
• B)Finished goods
• C)Cost of goods sold
• D)All of these ans choices are used in a process costing system

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Definitions:

Participation

The action of taking part in something or becoming involved in an activity or event.

Operative

An operative is a worker, especially skilled in manual, clerical, or administrative work, often employed within the operations of a business or organization.

Punishment

Discourages a behavior by making an unpleasant consequence contingent on its occurrence.

Reward

A reward is an incentive or benefit given in recognition of someone's effort, achievement, or contribution.