All of the following are manufacturing accounts EXCEPT for
A)Cost of Goods Available for Sale.
B)Raw Materials.
C)Finished Goods.
D)Work-in-Process.

Question

Quizplus · Accepted Answer

Cost of Goods Available for Sale is not a manufacturing account; it is a calculation used in the income statement to determine the total amount of goods available for sale during a period. Manufacturing accounts typically include Raw Materials, Work-in-Process, and Finished Goods, which are all accounts that track the cost accumulation during the production process.

All of the Following Are Manufacturing Accounts EXCEPT for