14.3: Reporting of Costs

Question 1

(Yes/No) Does a manufacturer have merchandise inventory?

Answer 1

No

Question 2

(Yes/No) Does a manufacturer have finished goods inventory?

Answer 2

Yes

Question 3

(Yes/No) Does a manufacturer have COGS?

Answer 3

Yes

Question 4

(Yes/No) Does a manufacturer have selling expenses?

Answer 4

Yes

Question 5

(Yes/No) Does a manufacturer have operating expenses?

Answer 5

Yes

Question 6

(Yes/No) Does a manufacturer have cost of goods manufactured?

Answer 6

Yes

Question 7

(Yes/No) Does a manufacturer have supplies inventory?

Answer 7

Yes

Question 8

(Yes/No) Does a manufacturer have raw materials inventory?

Answer 8

Yes

Question 9

(Yes/No) Does a merchandiser have merchandise inventory?

Answer 9

Yes

Question 10

(Yes/No) Does a merchandiser have finished goods inventory?

Answer 10

No

Question 11

(Yes/No) Does a merchandiser have COGS?

Answer 11

Yes

Question 12

(Yes/No) Does a merchandiser have selling expenses?

Answer 12

Yes

Question 13

(Yes/No) Does a merchandiser have operating expenses?

Answer 13

Yes

Question 14

(Yes/No) Does a merchandiser have cost of goods manufactured?

Answer 14

No

Question 15

(Yes/No) Does a merchandiser have supplies inventory?

Answer 15

Yes

Question 16

(Yes/No) Does a merchandiser have raw materials inventory?

Answer 16

No

Question 17

(Yes/No) Does a service provider have merchandise inventory?

Answer 17

No

Question 18

(Yes/No) Does a service provider have finished goods inventory?

Answer 18

No

Question 19

(Yes/No) Does a service provider have COGS?

Answer 19

No

Question 20

(Yes/No) Does a service provider have selling expenses?

Answer 20

Yes

Question 21

(Yes/No) Does a service provider have operating expenses?

Answer 21

Yes

Question 22

(Yes/No) Does a service provider have cost of goods manufactured?

Answer 22

No

Question 23

(Yes/No) Does a service provider have supplies inventory?

Answer 23

Yes

Question 24

(Yes/No) Does a service provider have raw materials inventory?

Answer 24

No