Which of the following information concerning inventory is not required to be disclosed in the external financial reports?
A) Finished goods
B) Work in process
C) Inventory turnover ratio
D) Method of valuation,e.g. FIFO, weighted average

Question

Quizplus · Accepted Answer

Inventory turnover ratio is not required to be disclosed in external financial reports. Finished goods, work in process, and method of valuation are all required to be disclosed.

Which of the Following Information Concerning Inventory Is Not Required