Manufacturers usually classify inventory into all the following general categories except
A) work in process
B) finished goods
C) merchandise inventory
D) raw materials

Question

Quizplus · Accepted Answer

Manufacturers typically classify their inventory into three general categories: raw materials, work in process, and finished goods. Merchandise inventory is a term typically used by retailers to describe the goods they plan to sell. Therefore, choice (C) merchandise inventory is not typically used by manufacturers to classify their inventory.

Manufacturers Usually Classify Inventory into All the Following General Categories