Manufacturer 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

While work in process, finished goods, and raw materials are all common categories of inventory, merchandise inventory specifically refers to inventory held by retailers or wholesalers for resale, and may not apply to all manufacturers.

Manufacturer Usually Classify Inventory into All the Following General Categories