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Manufacturing Firms Use Which of the Following Three Inventory Accounts

Question 7

Multiple Choice

Manufacturing firms use which of the following three inventory accounts?


A) Materials, Work-in-process, Transferred-out.
B) Materials, Work-in-process, Finished goods.
C) Materials, Finished goods, Transferred-out.
D) Work-in-process, Finished goods, Transferred-out.

Correct Answer:

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