The account that a manufacturing operation and a retail firm would have in common would be:
A)Raw materials
B)Work in process
C)Manufacturing Labor
D)Inventory

Question

Quizplus · Accepted Answer

Both a manufacturing operation and a retail firm would be involved in the inventory of goods. For the manufacturing operation, this would refer to the inventory of raw materials, work in progress, and finished goods. For the retail firm, this would refer to the inventory of the products that they are selling to customers.

The Account That a Manufacturing Operation and a Retail Firm