Which one of the following does not appear on the balance sheet of a manufacturing company?
A) Finished goods inventory
B) Work in process inventory
C) Cost of goods manufactured
D) Raw materials inventory

Question

Quizplus · Accepted Answer

Finished goods inventory, work in process inventory, and raw materials inventory are all inventory accounts that would appear on the balance sheet of a manufacturing company. Cost of goods manufactured, however, is an income statement account that represents the total cost of the goods that were produced during a particular accounting period. It is not an inventory account that would appear on the balance sheet.

Which One of the Following Does Not Appear on the Balance