Which of the following costs reported in the financial statements would uniquely identify the business entity as a manufacturer?
A) Rent expense
B) Work-in-process inventory
C) Merchandise inventory
D) Cost of goods sold

Question

Quizplus · Accepted Answer

Work-in-process inventory is unique to manufacturers as it represents the costs of products that are in the production process but not yet completed.

Which of the Following Costs Reported in the Financial Statements