Which inventory account is NOT typically found on a manufacturer’s balance sheet?

The inventory account that is not typically found on a manufacturer’s balance sheet is the Cost of Goods Sold (COGS). COGS is an expense that reflects the cost of producing goods that have been sold during a specific period. Rather than an inventory account, it appears on the income statement, subtracting from sales revenue to determine gross profit.

In contrast, the other accounts listed—Work in Process, Raw Materials, and Finished Goods—are integral parts of a manufacturer's inventory. Work in Process includes costs related to products that are partially completed, Raw Materials involves the costs of materials that have not yet entered the production process, and Finished Goods account for the products that are completed and ready for sale. Each of these reflects a tangible asset on the balance sheet, whereas COGS represents an expense and affects the income statement.