Use the Information Below to Answer the Following Question(s)

Multiple Choice

Use the information below to answer the following question(s) .Toronto Industries Inc.had the following activities during the year:

-Manufacturing-sector companies report on the balance sheet

A) only merchandise inventory.
B) only finished goods inventory.
C) direct materials inventory, work-in-process inventory, and finished goods inventory accounts.
D) no inventory accounts.
E) only work in progress inventory.