Fukui Electronics manufactures flat screen TVs. In October, they finished manufacturing 82 TVs, started and completed another 175 TVs, and started manufacturing an additional 34 TVs. How would the cost information for manufacturing these TVs be displayed on the company's financial statements?\ The cost information would be displayed on the income statement under cost of goods sold and on the balance sheet under inventory.\ The cost information would be displayed on the income statement under net income and on the balance sheet under liabilities.\ The cost information would be displayed on the income statement under current assets and on the balance sheet under expenses.\ The cost information would be displayed on the income statement under work in process and on the balance sheet under cost of goods manufactured.

Fukui Electronics manufactures flat screen TVs. In October, they finished manufacturing 82 TVs, started and completed another 175 TVs, and started manufacturing an additional 34 TVs. How would the cost information for manufacturing these TVs be displayed on the company's financial statements? The cost information would be displayed on the income statement under cost of goods sold and on the balance sheet under inventory. The cost information would be displayed on the income statement under net income and on the balance sheet under liabilities. The cost information would be displayed on the income statement under current assets and on the balance sheet under expenses. The cost information would be displayed on the income statement under work in process and on the balance sheet under cost of goods manufactured