Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers. (Not all answers are used)

a. Merchandise Inventory

b. Raw Materials

c. Work in Process

d. Finished Goods

e. Cost of Goods Sold

______ Cost of materials which are not yet entered into the production process.

______ Cost of completed, but unsold items.

______ Costs of direct materials, overhead, and direct labor used in unfinished goods.

______ Costs of direct materials, overhead, and direct labor used in goods that have been sold.