Question

In: Accounting

Which of the following accounts would not appear on a schedule of cost of goods manufactured?...

Which of the following accounts would not appear on a schedule of cost of goods manufactured?

Multiple Choice

  • Depreciation on factory equipment.

  • Raw materials inventory.

  • Wages payable.

  • Indirect labor.

  • Factory insurance expired.

Solutions

Expert Solution

correct answer------------Wages payable.

.

Wages payable is shown on the balance sheet since wages payable is a liability.

Depreciation of factory equipment, indirect labor, factory insurance are manufacturing overhead and are reported on cost of goods manufactured schedule.

Raw material inventory is reported on cost of goods manufactured schedule to calculate raw material used in production.

ekkarill92 answered 1 year ago
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