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Author Question: Which of the following accounts is similar to the Inventory account of a merchandising company? (Read 41 times)

Tiffanyanne824

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Question 1

Finished Goods Inventory decreases by
◦ the cost of goods manufactured.
◦ the cost of goods sold.
◦ overhead applied.
◦ the cost of selling the product.

Question 2

Which of the following accounts is similar to the Inventory account of a merchandising company?
◦ Finished Goods Inventory
◦ Manufacturing Overhead
◦ Work in Process Inventory
◦ Raw Materials Inventory


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Marked as best answer by Tiffanyanne824 on Feb 5, 2023

AarionnaH

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Tiffanyanne824

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Reply 2 on: Feb 5, 2023
Excellent


anyusername12131

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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