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    Financial Accounting Study Set 3
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
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    Which of the Following Costs Is Not Included as Inventory
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Which of the Following Costs Is Not Included as Inventory

Question 46

Question 46

Multiple Choice

Which of the following costs is not included as inventory on the balance sheet?


A) Raw materials currently being used in the manufacturing process.
B) Work in process.
C) Finished goods.
D) Storage costs for finished goods.

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