A manufacturing firm would not normally have an account titled
A) goods in process inventory
B) raw materials inventory
C) merchandise inventory
D) finished goods inventory

Question

Quizplus · Accepted Answer

A manufacturing firm typically has accounts for goods in process inventory, raw materials inventory, and finished goods inventory to track the stages of production. "Merchandise inventory" is more commonly used by retail businesses that purchase goods for resale without further processing.

A Manufacturing Firm Would Not Normally Have an Account Titled