____________ has/have three types of inventory.
A)A service company
B)A merchandising company
C)A manufacturing company
D)All of these companies

Question

Quizplus · Accepted Answer

A manufacturing company has three types of inventory: raw materials, work-in-progress, and finished goods. A service company and a merchandising company do not typically have work-in-progress inventory as they do not produce or manufacture goods. Therefore, option D is incorrect as not all three types of companies have three types of inventory.

____________ Has/have Three Types of Inventory