The value of goods on hand for sale to customers is called
A) sales.
B) merchandise inventory.
C) cost of goods sold.
D) prepaid expenses.
E) operating expenses.

Question

Quizplus · Accepted Answer

Merchandise inventory refers to the value of goods that a company has on hand and available for sale to customers. Option A, C, D, and E are all other important financial terms but do not specifically refer to the value of goods on hand for sale.

The Value of Goods on Hand for Sale to Customers