Which of the following types of inventory accounts would be used by a wholesaler or retailer?

Name: Which of the following types of inventory accounts would be used by a wholesaler or retailer?
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Question

Quizplus · Accepted Answer

Merchandise inventory is held by wholesalers and retailers who are buying goods from manufacturers and selling them to customers. Raw materials inventory, work in process inventory, and finished goods inventory are typically used by manufacturers who are producing goods.

Which of the Following Types of Inventory Accounts Would Be