Which of the following is NOT an example of an inventory account a manufacturing firm might use?
A) Work in process inventory.
B) Finished goods inventory.
C) Merchandise inventory.
D)Raw materials inventory.

Question

Quizplus · Accepted Answer

Merchandise inventory is an inventory account typically used by retailers or wholesalers, not manufacturing firms. The other options (work in process, finished goods, and raw materials inventory) are all examples of inventory accounts commonly used by manufacturing firms.

Which of the Following Is NOT an Example of an Inventory