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Which of the following is correct? A. Retailers use a purchases account to record raw materials inventory. B. Work in process is an expense account

Which of the following is correct?

A.

Retailers use a purchases account to record raw materials inventory.

B.

Work in process is an expense account used by a manufacturing company.

C.

Finished goods is an asset account used by a manufacturing company to record the cost of inventory ready for sale.

D.

The raw materials inventory account is used to record inventory purchased by a retailer for resale.

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