Which of the following is inventory for an office supply store such as Office Max?

Question

Quizplus · Accepted Answer

Paper available to sell to Office Max's customers would be considered inventory, as it is a product that is available for sale to customers. Paper used for accounting records or employee washrooms would not be considered inventory as they are not being held for sale. Office supply storage costs would be considered a carrying cost or expense associated with holding inventory, but not inventory itself.

Which of the Following Is Inventory for an Office Supply