The term "inventory," for a merchandiser,refers to ________.
A)raw materials that are used for production
B)equipment that are used in production process
C)the cost of goods sold
D)goods held for sale to customers

Question

Quizplus · Accepted Answer

Inventory, for a merchandiser, refers to the goods held for sale to customers. This can include finished products or products that are still in the process of being manufactured or delivered. Raw materials and equipment are typically considered assets, while the cost of goods sold is an expense that reflects the cost of producing or acquiring the goods that are eventually sold.

The Term "Inventory," for a Merchandiser,refers to ________