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 would not have a Merchandise Inventory account because this account is used by retail or wholesale businesses that buy and sell finished goods. Manufacturing firms have Raw Materials Inventory, Goods in Process Inventory, and Finished Goods Inventory accounts.

A Manufacturing Firm Would Not Normally Have an Account Titled