Log in
Accounting
8
answers
0
watching
1,213
views
21 Feb 2020

Manufacturers usually classify inventory into all the following general categories except:

 

  1. Raw material

  2. Work-in-process

  3. Merchandise Inventory

  4. Finished goods

Watch
8
answers
0
watching
1,213
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Bunny Greenfelder
Bunny GreenfelderLv2
21 Feb 2020
Already have an account? Log in
Share

Related questions

Items waiting to be used in production are considered to be

 

  1. Raw material

  2. Work-in-process

  3. Finished Goods

  4. Merchandise inventory


Sales $20,000
Raw Materials Used 5,000
Direct Labor Costs 2,000
Period Costs (Selling and Administrative) 5,000
Beginning Raw Material Inventory 600
Ending Raw Material Inventory 2,000
Net Income 400
Beginning Work-in-Process Inventory 0
Ending Work-in-Process Inventory 600
Beginning Finished Goods Inventory 1,400
Ending Finished Goods Inventory 800

Sales
$20,000
Raw Materials Used 5,000
Direct Labor Costs 2,000
Period Costs (Selling and Administrative) 5,000
Beginning Raw Material Inventory 600
Ending Raw Material Inventory 2,000
Net Income 400
Beginning Work-in-Process Inventory 0
Ending Work-in-Process Inventory 600
Beginning Finished Goods Inventory 1,400
Ending Finished Goods Inventory 800

Cost of Goods Manufactured =? Thanks!

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in