Which one of the following is usually classified as an inventory item?
A)Goods purchased for resale to customers
B)Items purchased and the quantity on hand does not need to be tracked
C)Items purchased and used by the company such as office supplies
D)Items purchased for a specific customer job

Question

Quizplus · Accepted Answer

Goods purchased for resale to customers are typically classified as inventory items because they are intended to be sold as part of the company's primary business operations.

Which One of the Following Is Usually Classified as an Inventory