1st drop downs: work in progress inventory, raw material inventory, merchandise inventory

2nd drop downs: finished goods inventory, raw material inventory, work in progress inventory

3rd drop downs: in picture

Choose the correct account name to complete the sentence. Bccount 1. The cost of raw materials purchased is added to the work in process inventory 2. As they are incurred, factory overhead costs are added to the 3. When the goods are completed and ready for sale, the costs of those goods are transferred to the account account cost of goods sold finished goods inventory work in process inventory