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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 5, 2016



Title: Which of the following is true of Finished Goods Inventory?
Post by: H3Ko on Sep 5, 2016
Which of the following is true of Finished Goods Inventory?
A) Finished Goods Inventory is an account used by a merchandiser and includes completed goods that have not yet been sold.
B) Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold.
C) Finished Goods Inventory is an account used by service companies in lieu of raw materials inventory.
D) Finished Goods Inventory is an account used by a manufacturer in lieu of raw materials inventory.


Title: Re: Which of the following is true of Finished Goods Inventory?
Post by: .unplugged. on Sep 5, 2016
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Title: Re: Which of the following is true of Finished Goods Inventory?
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation