The balance sheet of a ________ company will show Work-in-Process Inventory as a line item.
A)manufacturing
B)merchandising
C)service
D)trading

Question

Quizplus · Accepted Answer

Work-in-process inventory is a common inventory account for manufacturing companies that are in the process of producing goods. Therefore, the correct choice is option A, manufacturing. Merchandising, service, and trading companies do not typically have work-in-process inventory.

The Balance Sheet of a ________ Company Will Show Work-In-Process