Which of the Following Inventory Accounts Are Maintained by a Manufacturer

question 8

Multiple Choice

Which of the following inventory accounts are maintained by a manufacturer?
I. Stock of raw materials
II. Stock of work in process
III. Stock of finished goods

• A) None
• B) I, II and III
• C) I and II only
• D) I and III only

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Definitions:

Administrative Dispute Resolution Act

A law aimed at promoting the use of alternative dispute resolution processes, such as arbitration and mediation, within the U.S. federal government.

1990

A year not identified by a specific event or definition; it is simply a point in time on the Gregorian calendar.

Interpretative Rules

Regulations or guidelines issued by government agencies for clarifying how the agency construes the legislation it administers.

Binding

An agreement or obligation that cannot be legally avoided or ignored.