Which of the following types of companies would not have the following cost pattern? Raw materials ® Work-in-process ® Finished goods ® Cost of goods sold
A) Tire manufacturer
B) Automotive manufacturer
C) Retailer / merchandiser
D) Construction company

Question

Quizplus · Accepted Answer

Retailers or merchandisers typically buy finished goods and sell them without further processing, so they do not have a work-in-process stage as part of their cost pattern.

Which of the Following Types of Companies Would Not Have