Which of the following are basic inventories for a manufacturer ? a.Finished goods, raw materials and direct materials. b.Raw materials, factory overhead, and direct labour. c.Indirect materials, goods in process, and raw materials. d.Raw materials, goods in process, and finished goods.

materials can be in any form during the year, it may be Raw materials Work in progress Finished…

Answered: Which of the following are basic…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	a.	Finished goods, raw materials and direct materials.
	b.	Raw materials, factory overhead, and direct labour.
	c.	Indirect materials, goods in process, and raw materials.
	d.	Raw materials, goods in process, and finished goods.

Which of the following are basic inventories for a manufacturer ? a. Finished goods, raw materials and direct materials. b. Raw materials, factory overhead, and direct labour. c. Indirect materials, goods in process, and raw materials. d. Raw materials, goods in process, and finished goods