Which one of the following does not appear on the balance sheet of a manufacturing company?
A)finished goods inventory
B)raw materials inventory
C)cost of goods manufactured
D)work in process inventory

Question

Quizplus · Accepted Answer

Cost of goods manufactured is a calculation used in manufacturing accounting to determine the total cost of producing goods that are ready for sale during a specific accounting period. It is not an inventory account and therefore does not appear on the balance sheet. Raw materials inventory, work in process inventory, and finished goods inventory are all types of inventory accounts that would appear on the balance sheet of a manufacturing company.

Which One of the Following Does Not Appear on the Balance