How many inventory accounts does a manufacturer usually have?
A) Three
B) Two
C) One
D) None

Question

Quizplus · Accepted Answer

Manufacturers usually have three inventory accounts: raw materials inventory, work-in-progress inventory, and finished goods inventory. This is because manufacturers have to track their inventory at various stages of production, from the raw materials and components they purchase to the finished products they sell.

How Many Inventory Accounts Does a Manufacturer Usually Have