Which of the following represents the correct order in which inventories are reported on a manufacturer’s...
Which of the following represents the correct order in which inventories are reported on a manufacturer’s balance sheet?
|
raw materials, work in process, finished goods |
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work in process, finished goods raw materials |
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finished goods, work in process, raw materials |
|
work in process, raw materials, finished goods |
Homework Answers
Answer : Option A
Rawmaterials , Work in process , Finished goods .
Explanation :
The correct order of recording inventories reported on a manufactures balancesheet is Rawmaterials , Work in process then record finished goods .
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