Which of the Following Is NOT an Inventory Account for a Manufacturing

question 4

Multiple Choice

Which of the following is NOT an inventory account for a manufacturing company?

• A) Cost of goods sold.
• B) Work-in-process.
• C) Raw materials.
• D)Finished goods.

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Definitions:

Net Benefit

The positive difference between all benefits received from a particular action or project after subtracting all associated costs.

Benefits

Advantages or favorable outcomes associated with a particular action, job, or situation, often related to employment or health.

Costs

The expenses associated with acquiring or producing goods, services, or undertaking any business activity.

Monetary Values

The financial worth assigned to goods, services, or assets, expressed in terms of currency.