Merchandising companies normally report:
A)only merchandise inventory
B)only finished goods inventory
C)direct materials inventory, work-in-process inventory, and finished goods inventory accounts
D)no inventory accounts

Question

Quizplus · Accepted Answer

Merchandising companies typically report only merchandise inventory, as they purchase finished goods for resale and do not have the production process that involves direct materials or work-in-process inventories.

Merchandising Companies Normally Report