Which of the following is NOT an inventory account for a manufacturing company?
A) Cost of goods sold.
B) Work-in-process.
C) Raw materials.
D)Finished goods.

Question

Quizplus · Accepted Answer

Cost of goods sold is not an inventory account, it is an expense account that represents the cost of finished goods sold during a period. The other three choices, work-in-process, raw materials, and finished goods, are all inventory accounts for a manufacturing company.

Which of the Following Is NOT an Inventory Account for a Manufacturing