Which of the following accounts would not appear on a schedule of cost of goods manufactured?
A)Wages payable.
B)Raw materials inventory.
C)Depreciation on factory equipment.
D)Indirect labor.
E)Factory insurance expired.

Question

Quizplus · Accepted Answer

Wages payable is an account that reflects the amount owed to employees for work performed during the accounting period. It does not relate to the actual cost of producing goods and therefore would not appear on a schedule of cost of goods manufactured.

Which of the Following Accounts Would Not Appear on a Schedule