What three types of inventories are reported on the balance sheet.pdf

What three types of inventories are reported on the balance sheet of a manufacturing company?
What three types of inventories are reported on the balance sheet of a manufacturing company?
Solution
Answer is
Raw Material Inventory = Contains invetoru of Materials required for Manufacturing
Work in Progress Inventory= Contains inventory of goods in Process or semi finished goods
Finished Goods Inventory = Contains Inventory of goods Finished goods.

1. What three types of inventories are reported on the balance sheet of a manufacturing company?




What three types of inventories are reported on the balance sheet of a manufacturing company?





Solution

Answer is
Raw Material Inventory = Contains invetoru of Materials required for Manufacturing
Work in Progress Inventory= Contains inventory of goods in Process or semi finished goods
Finished Goods Inventory = Contains Inventory of goods Finished goods