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galina1969 [7]
3 years ago
13

Which one of the following statements is true? a. A manufacturing company will normally have raw materials, work in process, and

finished goods as inventory account classifications. b. A merchandising company will normally have raw materials, work in process, and finished goods as inventory account classifications. c. A merchandising company will normally have raw materials and merchandise inventory as inventory account classifications. d. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer:

d. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.

Explanation:

  • Normally a manufacturing company has various inventors such as raw material, work in progress and finished goods and the inventories are goods that held up in stocks for the ultimate goal of resale, another type of inventories include transit inventory, buffer inventory and cyclic inventory.
  • Merchandise inventory is a finished good that is taken for sale by retail or wholesale. The finished goods for the sale by manufactures are generally called as finished goods inventory.
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aev [14]
I'm pretty sure it is d.


Hope this helps!
3 0
4 years ago
Lakeside Manufacturing provided the following information for the month ended March​ 31:Sales Revenue​$26,000Beginning Finished
solmaris [256]

Answer:

cost of goods available for sale= $29,100

Explanation:

Giving the following information:

Sales Revenue​$26,000

Beginning Finished Goods Inventory​8,000

Ending Finished Goods Inventory​13,500

Cost of Goods Manufactured​15,600

cost of goods available for sale= beginning finished goods inventory + purchases

We have to find the amount of purchases.

We know that:

cost of goods manufactured= Beginning Finished Goods Inventory​ + purchases - Ending Finished Goods Inventory​

15600= 8000 + purchases - 13500

purchases= 15600 - 8000 + 13500

purcases= 21,100

cost of goods available for sale= 8000 + 21100= $29,100

5 0
3 years ago
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anyanavicka [17]

Answer:

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5 0
4 years ago
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zubka84 [21]

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<u>Explanation:</u>

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6 0
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Mkey [24]

Answer:

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7 0
3 years ago
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