Wk 2 – Practice: Topic 4: The Cost of Inventory
Quick Check
Points
20
:
Graded on Feb 19 at 23:30
Your Submission:
Submission
(90.00%)
Score:
Grade Time: Feb 19 at 23:30
Submitted On: Feb 19 at 23:30
1. Items that are either manufactured or purchased for resale in the normal course of business
are called:
o Inventory
o Supplies
o Purchases
o Materials
FEEDBACK
o Raw Materials
o Merchandise
o Finished Goods
o Work In Process
/
3. Which inventory account consists of partially finished products?
o Raw Materials
o Work In Process
o Finished Goods
o Merchandise
Quick Check
Points
20
:
Graded on Feb 19 at 23:30
Your Submission:
Submission
(90.00%)
Score:
Grade Time: Feb 19 at 23:30
Submitted On: Feb 19 at 23:30
1. Items that are either manufactured or purchased for resale in the normal course of business
are called:
o Inventory
o Supplies
o Purchases
o Materials
FEEDBACK
o Raw Materials
o Merchandise
o Finished Goods
o Work In Process
/
3. Which inventory account consists of partially finished products?
o Raw Materials
o Work In Process
o Finished Goods
o Merchandise
