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

The cost of goods manufactured (COGM) is a report that shows the total cost of producing and finishing inventory over a particular period. It is not an item that appears on the balance sheet, but rather is used to calculate the value of inventory that is reported on the balance sheet. Raw materials inventory, work in process inventory, and finished goods inventory are all inventory items that would appear on a manufacturing company's balance sheet.

Which One of the Following Does NOT Appear on the Balance