_____ reflects inventory that is being assembled or manufactured from its raw state into finished goods for sales
a. Work-in-process inventory
b. Finished goods inventory
c. Perpetual inventory
d. Raw materials inventory
ANSWER: a
Work-in-process inventory reflects inventory that is being assembled or manufactured from its raw state into finished goods for sales. Additionally, during certain times of the year when sales are traditionally higher, the company may hold some seasonal inventory.
You might also like to view...
Although managers may wish to affect employees with explicitly stated values, they are frequently more influenced by ______ ones.
A. subversive B. expressed C. espoused D. adopted E. enacted
Interim financial statements report data for a period of less than one year
Indicate whether the statement is true or false
Many Filipina women have found a large international demand for their service as caregivers to children and to the elderly. Which country has been a popular destination due to their friendly policies in providing Filipina women employment opportunities to offer these caregiver services?
a. United States b. Norway *c. Canada d. South Africa
A manufacturer has no duty to warn consumers of any dangers associated with its
product if these dangers are discovered after the product has been sold and distributed. Indicate whether the statement is true or false