Which Types of Inventories Does a Manufacturing Business Report on Its

question 4

Multiple Choice

Which types of inventories does a manufacturing business report on its balance sheet?

• A)Finished goods inventory and work in process inventory
• B)Direct materials inventory and work in process inventory
• C)Direct materials inventory,work in process inventory,and finished goods inventory
• D)Direct materials inventory and finished goods inventory

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Definitions:

Synthesis

The process of combining different elements or components to form a complex whole, often used in chemistry and biology.

Reversible

Capable of being returned to the original condition or position without altering its basic nature.

Oxidation

A chemical reaction in which a substance loses electrons, often leading to its combination with oxygen.

Energy Conversion

The process of transforming energy from one form to another, such as from chemical energy to mechanical energy.