Which of the following is an inventory account for manufacturing companies?
A) Overhead
B) Finished goods
C) Cost of goods sold
D) Direct labor

Name: Which of the following is an inventory account for manufacturing companies? A) Overhead B) Finished goods C) Cost of goods sold D) Direct labor
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Question

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Answers A and D are manufacturing costs. Answer C is the account used for goods that are sold. Only amounts reported on the balance sheet are inventory accounts.

Which of the Following Is an Inventory Account for Manufacturing