Which of the following types of inventory usually is not held by a manufacturing business?
A) Finished goods inventory.
B) Raw material inventory.
C) Work in process inventory.
D) Merchandise inventory.

Question

Quizplus · Accepted Answer

Merchandise inventory typically refers to products in their finished form that are purchased for resale by retail businesses. Manufacturing businesses, on the other hand, hold raw materials, work in process, and finished goods as part of their production process.

Which of the Following Types of Inventory Usually Is Not