Thursday 7 March 2013

Which one of the following statements is true? A manufacturing company will normally have raw materials, work in process, and finished goods as inventory account classifications. A merchandising company will normally have raw materials, work in process, and finished goods as inventory account classifications. A merchandising company will normally have raw materials and merchandise inventory as inventory account classifications. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.

Which one of the following statements is true?
     A manufacturing company will normally have raw materials, work in process, and finished goods as inventory account classifications.
     A merchandising company will normally have raw materials, work in process, and finished goods as inventory account classifications.
     A merchandising company will normally have raw materials and merchandise inventory as inventory account classifications.
     A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.
                                        

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