- Chapter 6 - Q1 - Types of manufacturing inventory. Homework . Unanswered The inventory account used to collect manufacturing costs while still in the production process is called: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Raw materials inventory. Finished goods inventory. Work in process inventory. d Cost of goods manufactured. Unanswered 1 attempt left Submit - - Chapter 6 - Q2 - Type of company. Homework Unanswered A merchandising company is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a Either a retailer or wholesaler. b A retailer who sells only to the final consumer. A wholesaler who sells only to other businesses. d Any company that sells finished goods. ELET'S PRACTICE Chapter 6 - Q3 - Perpetual inventory system. Homework Unanswered 0 Fill in the Blanks Type your answers in all of the blanks and submit Companies using the perpetual inventory system will have Type your answer here (choose from current/recent/delayed) merchandise inventory balances. Unanswered 1 attempt left Submit : Chapter 6 - Q4- Shipping terms. Homework . Unanswered Shipping terms FOB Shipping point means: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Company that owns goods at shipping point pays for freight b Seller of goods pays for freight. Freight terms must be negotiated between buyer and seller. d Buyers pays for freight. Chapter 6 - Q5 - Credit terms. Homework . Unanswered The amount of a discount calculated on a $100 invoice with credit terms of 3/10,N60 is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $3.00 b $1.80 C $30.00 d $0.30 Unanswered 1 attempt left Submit . Chapter 6 - 26- Sales transactions perpetual. Homework. Unanswered Fill in the Blanks Type your answers in all of the blanks and submit Recording a sales transactions using the perpetual inventory system requires a debit to Type your answer here and a credit to Type your answer here Unanswered 1 attempt left Submit