In ___________,inventory consists of freight-in and the cost of the product which is to be resold.
A)a service company
B)a merchandising company
C)a manufacturing company
D)all of these companies

Question

Quizplus · Accepted Answer

Inventory in a merchandising company includes the cost of purchasing products for resale, as opposed to a service company which does not typically have inventory, and a manufacturing company which includes raw materials, work-in-progress, and finished goods in their inventory.

In ___________,Inventory Consists of Freight-In and the Cost of the Product