Multiple choice

Which of the following is/are not included in inventory of a manufacturing concern?

  1. Raw Material

  2. Goods sold

  3. Work-in-Progress

  4. Finished Goods

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Right answer because  goods sold are not included in inventory of a manufacturing concern, as the goods sold are supplied to the buyers and do not remain with the manufacturing concern.