In a manufacturing firm,which inventory account is NOT used?
A)direct materials inventory
B)work in process inventory
C)finished goods inventory
D)merchandise inventory

Question

Quizplus · Accepted Answer

Merchandise inventory is not used in a manufacturing firm as it is only applicable to retail or wholesale businesses that purchase goods for resale. Manufacturing firms have their own inventory accounts for raw materials, work in progress, and finished goods.

In a Manufacturing Firm,which Inventory Account Is NOT Used