Which of the Following Account Balances Is Not Reported on the Balance

question 1

Multiple Choice

Which of the following account balances is not reported on the balance sheet?

• A) Cost of sales
• B) Finished goods inventory
• C) Work in progress inventory
• D) Materials inventory

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Definitions:

Materials Handling

The process of moving, safeguarding, housing, and managing materials and goods during production, storage, distribution, usage, and discarding.

Physical Distribution

The activities involved in moving a product from the manufacturer to the customer, including warehousing, material handling, transportation, and order fulfillment.

Order Cycle

The complete process from when an order is placed by a customer to the delivery of the product or service, including all operational steps in between.