Which of the following is true of finished goods inventory?
A)Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold.
B)Finished Goods Inventory is an account used by a merchandiser and includes completed goods that have not yet been sold.
C)Finished Goods Inventory is an account used by service companies in lieu of raw materials inventory.
D)Finished Goods Inventory is an account used by a manufacturer in lieu of raw materials inventory.

Question

Quizplus · Accepted Answer

Finished Goods Inventory is used by manufacturers to account for products that are completed but not yet sold.

Which of the Following Is True of Finished Goods Inventory