Which of the following would be found on the balance sheet of a manufacturer?
A) work in process
B) raw materials
C) finished goods
D) All of the these are correct

Question

Quizplus · Accepted Answer

All three items (work in process, raw materials, finished goods) would be found on the balance sheet of a manufacturer. Work in process refers to partially completed products that are still in production, raw materials include materials and supplies that have not yet been used in production, and finished goods are products that are fully completed and ready for sale.

Which of the Following Would Be Found on the Balance