Merchandise inventory is

Question

Quizplus · Accepted Answer

Merchandise inventory refers to products that a company owns for resale to customers, so choice (B) is the correct answer. Option (A) is incorrect because plant and equipment are separate categories from merchandise inventory. Option (C) is incorrect because merchandise inventory is not an expense, but rather an asset. Option (D) is incorrect because supplies are a separate category of inventory. Option (E) is incorrect because service companies do not have merchandise inventory since they do not sell physical products.

Merchandise Inventory Is