Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Companies that purchase inventories that are primarily in finished form for resale to customers.

Question

Quizplus · Accepted Answer

Merchandising companies purchase finished goods for resale to customers.

A) Work-in-process inventory: refers to inventory that is in the process of being converted into finished goods.

C) Finished goods: refers to inventory that has been completed and is ready for sale.

D) Raw materials: refers to inventory that will be used to create a finished product.

E) Manufacturing companies: refers to companies that produce finished goods from raw materials through a production process.

Listed Below Are Five Terms Followed by a List of Phrases