Which of the following accounts is not reported in inventory?
A) Raw materials.
B) Equipment.
C) Finished goods.
D) Supplies.

Name: Which of the following accounts is not reported in inventory? A) Raw materials. B) Equipment. C) Finished goods. D) Supplies.
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Question

Quizplus · Accepted Answer

Inventory includes items that a company sells or will sell in the normal course of business. Equipment is not included in inventory as it is not intended to be sold. Raw materials, finished goods, and supplies are all examples of inventory items.

Which of the Following Accounts Is Not Reported in Inventory