Which of the following is not an example of an inventory account a manufacturing firm might use?
A)Work in process inventory.
B)Finished goods inventory.
C)Merchandise inventory.
D)Raw materials inventory.

Question

Quizplus · Accepted Answer

A manufacturing firm typically uses work in process, finished goods, and raw materials inventory accounts. Merchandise inventory is used by retail or wholesale businesses, not manufacturing firms.

Which of the Following Is Not an Example of an Inventory