Which of the Following Accounts Includes the Cost of Completed

question 157

Multiple Choice

Which of the following accounts includes the cost of completed but unsold units of a manufacturing firm?

• A)Cost of Goods Sold
• B)Finished Goods Inventory
• C)Work in Process Inventory
• D)Materials Inventory

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Definitions:

Equivalent

Having equal value, function, or meaning.

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Paint

A substance used to add color or texture to surfaces, typically made from pigments suspended in a liquid.

Predicate

In grammar, the part of a sentence that tells what the subject does or is; in logic, the part of a proposition that affirms or denies something about the subject.