Which of the following accounts would NOT be included in the current asset section of a manufacturer's balance sheet?
A) Work in process inventory
B) Merchandise inventory
C) Finished goods inventory
D) Direct materials inventory

Question

Quizplus · Accepted Answer

Merchandise inventory is typically associated with retail or wholesale businesses, not manufacturers. Manufacturers would have inventories like work in process, finished goods, and direct materials.

Which of the Following Accounts Would NOT Be Included in the Current