Which of the following is not an inventory account maintained by a manufacturing company?
A) Finished goods inventory
B) Work in process inventory
C) Raw materials inventory
D) Merchandise inventory

Question

Quizplus · Accepted Answer

Merchandise inventory is typically an account maintained by a retail company that buys and sells finished goods, rather than a manufacturing company that produces goods. The other options - finished goods inventory, work in process inventory, and raw materials inventory - are all typical inventory accounts for a manufacturing company.

Which of the Following Is Not an Inventory Account Maintained