Which of the following is not an inventory account for manufacturing companies?
A) Work-in-process
B) Finished goods
C) Cost of goods sold
D) Raw materials

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) is not an inventory account; it represents the direct costs attributable to the production of the goods sold by a company. Inventory accounts for manufacturing companies typically include Work-in-process, Finished goods, and Raw materials.

Which of the Following Is Not an Inventory Account for Manufacturing