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:

-Which of the following statements would be correct in a manufacturing business?

A) Completed goods are not normally included in the finished goods inventory.
B) Completed goods are part of the work in process category.
C) Work-in-process inventory, at the end of the accounting period, includes direct materials but not direct labour.
D) Materials put into production are classified as work-in-process inventory.
E) There can be no beginning finished goods inventory.