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What inventory account(s) appear on the balance sheet of a merchandising company?
merchandise inventorymerchandise inventory, work in processwork in process, finished goodsraw materials, work in process, finished goods
Beg. of Year End of Year
Raw Materials Inventory $26000 $31557Work in process inventory $35000 $32110Finished goods inventory $14000 $28425Purchases of DM $73000Direct Labor $41711Indirect Labor $40000Insurance on plant $10000Depreciation - plant building and equipment $12900Repairs and maintenance - plant $4996Marketing expenses $76000General & administrative expenses $27852
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