Which of the following is not an inventory account in a manufacturing company?
A)Raw material
B)Work in process
C)Goods available for sale
D)Finished goods

Question

Quizplus · Accepted Answer

Goods available for sale is an inventory account in a retail company, but in a manufacturing company, it would be considered as a cost of goods sold account. Raw material, work in process, and finished goods are all inventory accounts in a manufacturing company.

Which of the Following Is Not an Inventory Account in a Manufacturing