Which one of the following costs is not included in inventory for manufacturing firms? a. Raw materials

Question:

Which one of the following costs is not included in inventory for manufacturing firms?

a. Raw materials used in production

b. Raw materials unused and stored in the warehouse

c. Salary paid to the company president

d. Finished goods stored in the warehouse

e. Work in process

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Financial Accounting IFRS Edition

ISBN: 9789814962605

3rd Edition

Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu

Question Posted: