The inventory accounts used in a manufacturing business are

a.merchandise, materials, and work in process. b.merchandise, work in process, and finished goods. c.materials, work in process, and finished goods. d.merchandise, materials, and finished goods.

A cost accounting system uses which of the following inventory systems?

a.periodic system b.perpetual system c.a hands-on system d.both a periodic and perpetual system

Which of the following accounts on the manufacturing company work sheet is NOT an asset account?

a.factory overhead b.work in process inventory c.finished goods inventory d.prepaid insurance