Which of the following types of companies would be the least likely to have the following cost pattern?
Raw materials $\rarr$Work-in-Process $\rarr$ Finished Goods$\rarr$ Cost of goods sold

Question

Quizplus · Accepted Answer

A retailer/merchandiser typically does not have a production process involving raw materials, work-in-process, and finished goods. They purchase finished goods for resale, so their cost pattern does not include these stages.

Which of the Following Types of Companies Would Be the Least