A retailing firm has which type of inventory?
A)Raw materials
B)Work in process
C)Merchandise
D)Raw materials and merchandise
E)Raw materials,work in process,and merchandise

Question

Quizplus · Accepted Answer

A retailing firm typically sells finished products directly to consumers and thus maintains a merchandise inventory. Raw materials and work in process inventories are typically associated with manufacturing firms.

A Retailing Firm Has Which Type of Inventory